iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 52-Week High – Still a Buy?

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during trading on Thursday . The stock traded as high as $42.87 and last traded at $42.9010, with a volume of 26853 shares trading hands. The stock had previously closed at $42.24.

iShares MSCI Europe Financials ETF Trading Down 0.3%

The firm’s 50-day moving average price is $41.24 and its 200-day moving average price is $38.49. The stock has a market capitalization of $4.34 billion, a PE ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently announced a semiannual dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.1368 dividend. This represents a dividend yield of 595.0%. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in iShares MSCI Europe Financials ETF by 127.2% in the first quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock worth $159,000 after purchasing an additional 3,117 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of iShares MSCI Europe Financials ETF by 34.0% during the first quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock valued at $13,423,000 after buying an additional 119,448 shares during the period. Empowered Funds LLC bought a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at about $1,542,000. Baird Financial Group Inc. raised its stake in iShares MSCI Europe Financials ETF by 2.2% in the second quarter. Baird Financial Group Inc. now owns 44,359 shares of the company’s stock worth $1,403,000 after buying an additional 955 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of iShares MSCI Europe Financials ETF by 23,355.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 237,367 shares of the company’s stock worth $7,508,000 after acquiring an additional 236,355 shares in 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.