iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sets New 1-Year High – Still a Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $39.32 and last traded at $39.26, with a volume of 1516739 shares. The stock had previously closed at $38.81.

iShares MSCI Europe Financials ETF Stock Down 0.0%

The firm’s 50 day simple moving average is $37.95 and its two-hundred day simple moving average is $36.97. The stock has a market cap of $3.69 billion, a P/E ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Announces Dividend

The firm also recently declared 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 of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors and hedge funds have recently bought and sold shares of EUFN. Triumph Capital Management acquired a new position in iShares MSCI Europe Financials ETF in the third quarter valued at approximately $31,000. Larson Financial Group LLC raised its position in shares of iShares MSCI Europe Financials ETF by 85.5% during the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after purchasing an additional 394 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of iShares MSCI Europe Financials ETF by 130.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock worth $32,000 after purchasing an additional 519 shares during the period. Arax Advisory Partners bought a new stake in shares of iShares MSCI Europe Financials ETF in the 4th quarter worth approximately $32,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter worth 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.