iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 12-Month High – Should You Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) hit a new 52-week high on Monday . The company traded as high as $42.76 and last traded at $42.70, with a volume of 21128 shares traded. The stock had previously closed at $42.57.

iShares MSCI Europe Financials ETF Trading Up 0.0%

The company has a market cap of $4.30 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78. The firm’s fifty day moving average price is $40.05 and its 200-day moving average price is $38.04.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in shares of iShares MSCI Europe Financials ETF by 2.4% in the fourth quarter. NewEdge Advisors LLC now owns 12,880 shares of the company’s stock valued at $478,000 after purchasing an additional 305 shares during the period. AMJ Financial Wealth Management boosted its position in iShares MSCI Europe Financials ETF by 4.6% in the fourth quarter. AMJ Financial Wealth Management now owns 7,977 shares of the company’s stock valued at $296,000 after buying an additional 352 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in iShares MSCI Europe Financials ETF by 1.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 35,325 shares of the company’s stock worth $1,117,000 after buying an additional 376 shares during the last quarter. Larson Financial Group LLC raised 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 worth $32,000 after buying an additional 394 shares during the last quarter. Finally, Triumph Capital Management lifted its stake in iShares MSCI Europe Financials ETF by 44.9% during the 4th quarter. Triumph Capital Management now owns 1,290 shares of the company’s stock valued at $48,000 after acquiring an additional 400 shares during the period.

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.