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

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.79 and last traded at $42.79, with a volume of 22173 shares trading hands. The stock had previously closed at $42.62.

iShares MSCI Europe Financials ETF Stock Up 0.3%

The company has a market cap of $4.32 billion, a P/E ratio of 11.10 and a beta of 0.78. The firm’s 50 day moving average is $40.63 and its two-hundred day moving average is $38.23.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Trading of iShares MSCI Europe Financials ETF

Several institutional investors have recently added to or reduced their stakes in EUFN. Triumph Capital Management bought a new position in iShares MSCI Europe Financials ETF during the 3rd quarter worth approximately $31,000. Larson Financial Group LLC boosted its stake in shares of iShares MSCI Europe Financials ETF by 85.5% in the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock valued at $32,000 after purchasing an additional 394 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of iShares MSCI Europe Financials ETF by 130.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. Arax Advisory Partners acquired a new stake in shares of iShares MSCI Europe Financials ETF during the fourth quarter worth $32,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF during the first quarter worth $34,000.

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.