iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 1-Year High – What’s Next?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $36.96 and last traded at $36.8780, with a volume of 21257 shares traded. The stock had previously closed at $36.78.

iShares MSCI Europe Financials ETF Price Performance

The firm has a fifty day moving average of $34.63 and a two-hundred day moving average of $33.52. The stock has a market capitalization of $4.84 billion, a P/E ratio of 11.10 and a beta of 0.94.

iShares MSCI Europe Financials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.5156 dividend. This represents a dividend yield of 286.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors have recently bought and sold shares of EUFN. Raymond James Financial Inc. lifted its holdings in iShares MSCI Europe Financials ETF by 119.8% during the first quarter. Raymond James Financial Inc. now owns 547,450 shares of the company’s stock worth $15,597,000 after buying an additional 298,401 shares during the period. Hsbc Holdings PLC raised its position in shares of iShares MSCI Europe Financials ETF by 217.1% in the 1st quarter. Hsbc Holdings PLC now owns 66,448 shares of the company’s stock worth $1,893,000 after acquiring an additional 45,495 shares in the last quarter. Compound Planning Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF during the 1st quarter worth $407,000. Northwestern Mutual Wealth Management Co. boosted its position in iShares MSCI Europe Financials ETF by 161.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,172 shares of the company’s stock valued at $147,000 after purchasing an additional 3,194 shares in the last quarter. Finally, Comerica Bank boosted its position in iShares MSCI Europe Financials ETF by 13.1% during the first quarter. Comerica Bank now owns 45,760 shares of the company’s stock valued at $1,304,000 after purchasing an additional 5,314 shares in the last quarter.

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.