iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sets New 12-Month High – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $42.79 and last traded at $42.79, with a volume of 22173 shares trading hands. The stock had previously closed at $42.62.

iShares MSCI Europe Financials ETF Stock Down 1.0%

The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78. The stock has a 50 day moving average price of $40.78 and a 200 day moving average price of $38.29.

iShares MSCI Europe Financials ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.1368 per share. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings in shares of iShares MSCI Europe Financials ETF by 85.5% during 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 period. Arax Advisory Partners bought a new stake in shares of iShares MSCI Europe Financials ETF in the fourth quarter worth $32,000. Triumph Capital Management acquired a new stake in iShares MSCI Europe Financials ETF in the third quarter valued at $31,000. Allspring Global Investments Holdings LLC increased its holdings in iShares MSCI Europe Financials ETF by 130.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock valued at $32,000 after purchasing an additional 519 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in iShares MSCI Europe Financials ETF in the first quarter valued at $34,000.

About iShares MSCI Europe Financials ETF

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.