iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 52-Week High – Here’s What Happened

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

iShares MSCI Europe Financials ETF Stock Performance

The firm has a fifty day simple moving average of $38.86 and a 200 day simple moving average of $37.54. The company has a market capitalization of $3.85 billion, a PE ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.1368 per share. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Institutional investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in iShares MSCI Europe Financials ETF in the third quarter worth about $31,000. Larson Financial Group LLC increased its position in iShares MSCI Europe Financials ETF by 85.5% during the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock valued at $32,000 after purchasing an additional 394 shares during the period. Allspring Global Investments Holdings LLC increased its position in iShares MSCI Europe Financials ETF by 130.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock valued at $32,000 after purchasing an additional 519 shares during the period. Arax Advisory Partners purchased a new position in iShares MSCI Europe Financials ETF during the 4th quarter valued at about $32,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at about $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.