iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 1-Year High – Should You Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $43.08 and last traded at $43.08, with a volume of 142 shares traded. The stock had previously closed at $42.29.

iShares MSCI Europe Financials ETF Stock Up 0.4%

The firm has a market capitalization of $4.27 billion, a P/E ratio of 11.10 and a beta of 0.78. The business’s 50 day moving average is $39.85 and its 200-day moving average is $37.98.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently modified their holdings of EUFN. Cordoba Advisory Partners LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 24.7% during the 2nd quarter. Cordoba Advisory Partners LLC now owns 13,161 shares of the company’s stock worth $513,000 after buying an additional 2,607 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in iShares MSCI Europe Financials ETF during the second quarter worth about $2,167,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in iShares MSCI Europe Financials ETF during the second quarter worth about $370,000. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI Europe Financials ETF by 18.0% in the first quarter. NewEdge Advisors LLC now owns 15,196 shares of the company’s stock worth $530,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC lifted its holdings in shares of iShares MSCI Europe Financials ETF by 3.2% in the first quarter. Strait & Sound Wealth Management LLC now owns 17,809 shares of the company’s stock worth $621,000 after acquiring an additional 553 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.