Northwestern Mutual Wealth Management Co. increased its position in iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Free Report) by 67,377.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,040,525 shares of the company’s stock after purchasing an additional 3,036,019 shares during the period. Northwestern Mutual Wealth Management Co. owned about 2.38% of iShares MSCI Europe Financials ETF worth $112,773,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EUFN. Jones Financial Companies Lllp boosted its stake in iShares MSCI Europe Financials ETF by 127.2% in the 1st quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock worth $159,000 after purchasing an additional 3,117 shares during the period. Goldman Sachs Group Inc. boosted its stake in iShares MSCI Europe Financials ETF by 34.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock worth $13,423,000 after purchasing an additional 119,448 shares during the period. Empowered Funds LLC acquired a new position in iShares MSCI Europe Financials ETF in the 1st quarter worth approximately $1,542,000. Baird Financial Group Inc. boosted its stake in iShares MSCI Europe Financials ETF by 2.2% in the 2nd quarter. Baird Financial Group Inc. now owns 44,359 shares of the company’s stock worth $1,403,000 after purchasing an additional 955 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in iShares MSCI Europe Financials ETF by 23,355.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 237,367 shares of the company’s stock worth $7,508,000 after purchasing an additional 236,355 shares during the period.
iShares MSCI Europe Financials ETF Stock Performance
iShares MSCI Europe Financials ETF stock opened at $37.05 on Friday. The company has a 50 day moving average price of $36.20 and a 200 day moving average price of $36.28. iShares MSCI Europe Financials ETF has a 52 week low of $30.05 and a 52 week high of $39.23. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 11.10 and a beta of 0.79.
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.
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