iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 52-Week High – Time to Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during trading on Monday . The stock traded as high as $29.09 and last traded at $29.09, with a volume of 520683 shares changing hands. The stock had previously closed at $28.82.

iShares MSCI Europe Financials ETF Stock Performance

The firm has a fifty day moving average price of $26.01 and a 200 day moving average price of $24.69. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 11.45 and a beta of 1.07.

Institutional Trading of iShares MSCI Europe Financials ETF

A number of large investors have recently added to or reduced their stakes in EUFN. Centaurus Financial Inc. bought a new stake in shares of iShares MSCI Europe Financials ETF in the 3rd quarter valued at about $103,000. Bank of Montreal Can raised its stake in iShares MSCI Europe Financials ETF by 747.1% in the third quarter. Bank of Montreal Can now owns 304,363 shares of the company’s stock valued at $7,585,000 after buying an additional 268,435 shares during the period. FMR LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 11.6% in the third quarter. FMR LLC now owns 49,039 shares of the company’s stock valued at $1,213,000 after buying an additional 5,104 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake in shares of iShares MSCI Europe Financials ETF by 2.9% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 56,523 shares of the company’s stock worth $1,398,000 after acquiring an additional 1,616 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares MSCI Europe Financials ETF during the 3rd quarter worth approximately $1,872,000.

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.