iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sets New 52-Week High – Time to Buy?

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

iShares MSCI Europe Financials ETF Stock Performance

The firm’s 50-day simple moving average is $38.75 and its 200 day simple moving average is $37.50. The company has a market cap of $3.94 billion, a P/E ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several hedge funds have recently added to or reduced their stakes in EUFN. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares MSCI Europe Financials ETF by 67,377.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock worth $112,773,000 after buying an additional 3,036,019 shares during the period. Fisher Asset Management LLC raised its position in shares of iShares MSCI Europe Financials ETF by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after acquiring an additional 1,084,716 shares during the period. 1607 Capital Partners LLC boosted its stake in iShares MSCI Europe Financials ETF by 32.0% during the 4th quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock worth $141,128,000 after acquiring an additional 921,396 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares MSCI Europe Financials ETF by 110.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250,666 shares of the company’s stock worth $46,387,000 after acquiring an additional 657,466 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in iShares MSCI Europe Financials ETF by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 7,269,370 shares of the company’s stock worth $269,621,000 after acquiring an additional 492,826 shares during the last quarter.

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.