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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.52 and last traded at $40.49, with a volume of 1277607 shares changing hands. The stock had previously closed at $40.05.

iShares MSCI Europe Financials ETF Trading Down 0.2%

The business has a 50-day moving average of $38.62 and a 200 day moving average of $37.44. The firm has a market capitalization of $3.83 billion, a PE ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in iShares MSCI Europe Financials ETF in the 3rd quarter valued at about $31,000. Larson Financial Group LLC grew its holdings in shares of iShares MSCI Europe Financials ETF by 85.5% in the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock valued at $32,000 after acquiring an additional 394 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of iShares MSCI Europe Financials ETF by 130.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock valued at $32,000 after acquiring an additional 519 shares in the last quarter. Arax Advisory Partners purchased a new stake in shares of iShares MSCI Europe Financials ETF during the fourth quarter valued at approximately $32,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF during the first quarter valued at approximately $34,000.

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.