iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 52-Week High – Should You Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $25.11 and last traded at $25.13, with a volume of 254375 shares traded. The stock had previously closed at $24.74.

iShares MSCI Europe Financials ETF Stock Up 1.7 %

The stock has a market capitalization of $1.94 billion, a PE ratio of 11.90 and a beta of 1.07. The business’s 50-day moving average is $23.74 and its two-hundred day moving average is $23.72.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $0.4752 dividend. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently modified their holdings of EUFN. GAMMA Investing LLC lifted its holdings in shares of iShares MSCI Europe Financials ETF by 37.7% during the third quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock worth $42,000 after purchasing an additional 461 shares during the period. FMR LLC lifted its stake in shares of iShares MSCI Europe Financials ETF by 11.6% in the 3rd quarter. FMR LLC now owns 49,039 shares of the company’s stock worth $1,213,000 after acquiring an additional 5,104 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the fourth quarter valued at about $732,000. HighTower Advisors LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 3.0% during the third quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock worth $2,613,000 after acquiring an additional 3,050 shares during the period. Finally, Creative Planning purchased a new position in iShares MSCI Europe Financials ETF during the second quarter worth about $609,000.

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.