iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sets New 12-Month High – What’s Next?

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high on Wednesday . The stock traded as high as $39.32 and last traded at $39.26, with a volume of 1516739 shares traded. The stock had previously closed at $38.81.

iShares MSCI Europe Financials ETF Stock Up 1.3%

The company has a 50-day simple moving average of $37.82 and a two-hundred day simple moving average of $36.92. The firm has a market cap of $3.75 billion, a PE ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 15th will be paid a $1.1368 dividend. The ex-dividend date is Monday, June 15th.

Institutional Trading of iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new position in shares of iShares MSCI Europe Financials ETF in the third quarter worth $31,000. Larson Financial Group LLC increased its holdings in shares of 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 period. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 worth $32,000 after purchasing an additional 519 shares during the period. Arax Advisory Partners bought a new position in shares of iShares MSCI Europe Financials ETF in the fourth quarter worth $32,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in iShares MSCI Europe Financials ETF in the 1st quarter worth about $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.