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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.57 and last traded at $40.57, with a volume of 761 shares changing hands. The stock had previously closed at $40.33.

iShares MSCI Europe Financials ETF Stock Up 1.1%

The company’s fifty day simple moving average is $38.75 and its two-hundred day simple moving average is $37.50. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Inflows and Outflows

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