iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 1-Year High – Here’s What Happened

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares reached a new 52-week high on Tuesday . The company traded as high as $41.08 and last traded at $40.97, with a volume of 1490358 shares changing hands. The stock had previously closed at $40.38.

iShares MSCI Europe Financials ETF Price Performance

The firm has a market capitalization of $4.07 billion, a PE ratio of 11.10 and a beta of 0.78. The firm’s fifty day moving average is $38.99 and its two-hundred day moving average is $37.59.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.1368 dividend. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its holdings in shares of iShares MSCI Europe Financials ETF by 2.4% in the fourth quarter. NewEdge Advisors LLC now owns 12,880 shares of the company’s stock valued at $478,000 after acquiring an additional 305 shares in the last quarter. AMJ Financial Wealth Management boosted its position in iShares MSCI Europe Financials ETF by 4.6% in the fourth quarter. AMJ Financial Wealth Management now owns 7,977 shares of the company’s stock worth $296,000 after purchasing an additional 352 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in iShares MSCI Europe Financials ETF by 1.1% in the second quarter. Transamerica Financial Advisors LLC now owns 35,325 shares of the company’s stock worth $1,117,000 after purchasing an additional 376 shares during the last quarter. Larson Financial Group LLC boosted its position in iShares MSCI Europe Financials ETF by 85.5% in the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after purchasing an additional 394 shares during the last quarter. Finally, Triumph Capital Management grew its stake in iShares MSCI Europe Financials ETF by 44.9% in the 4th quarter. Triumph Capital Management now owns 1,290 shares of the company’s stock valued at $48,000 after purchasing an additional 400 shares during the period.

iShares MSCI Europe Financials ETF Company Profile

iShares MSCI Europe Financials ETF, formerly iShares MSCI Europe Financials Sector Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Europe Financials Index (the Index). The Index is a free float-adjusted market capitalization weighted index designed to measure the combined equity market performance of the financials sector of developed market countries in Europe. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.