iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 1-Year High – Time to Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $41.08 and last traded at $40.97, with a volume of 1490358 shares changing hands. The stock had previously closed at $40.38.

iShares MSCI Europe Financials ETF Price Performance

The stock’s 50-day simple moving average is $39.10 and its two-hundred day simple moving average is $37.64. The firm has a market capitalization of $4.00 billion, a P/E 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 was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $1.1368 per share. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently bought and sold shares of EUFN. Triumph Capital Management purchased a new position in shares of iShares MSCI Europe Financials ETF in the third quarter valued at about $31,000. Larson Financial Group LLC boosted its stake 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 acquiring an additional 394 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of iShares MSCI Europe Financials ETF by 130.1% during 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 in the last quarter. Arax Advisory Partners bought a new stake in iShares MSCI Europe Financials ETF during the 4th quarter valued at approximately $32,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in iShares MSCI Europe Financials ETF during the 1st quarter valued at approximately $34,000.

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.