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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $37.98 and last traded at $37.9250, with a volume of 114644 shares trading hands. The stock had previously closed at $37.50.

iShares MSCI Europe Financials ETF Price Performance

The business’s fifty day moving average price is $36.34 and its 200 day moving average price is $34.57. The stock has a market cap of $4.87 billion, a P/E ratio of 11.10 and a beta of 0.94.

iShares MSCI Europe Financials ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 286.0%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 1.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 35,325 shares of the company’s stock valued at $1,117,000 after buying an additional 376 shares during the period. Brookstone Capital Management boosted its holdings in iShares MSCI Europe Financials ETF by 5.8% in the third quarter. Brookstone Capital Management now owns 6,970 shares of the company’s stock worth $239,000 after acquiring an additional 380 shares in the last quarter. TD Private Client Wealth LLC grew its stake in iShares MSCI Europe Financials ETF by 30.8% in the second quarter. TD Private Client Wealth LLC now owns 1,635 shares of the company’s stock valued at $52,000 after acquiring an additional 385 shares during the period. Capital Investment Advisory Services LLC grew its stake in iShares MSCI Europe Financials ETF by 30.5% in the third quarter. Capital Investment Advisory Services LLC now owns 2,076 shares of the company’s stock valued at $71,000 after acquiring an additional 485 shares during the period. Finally, Fortis Capital Advisors LLC increased its holdings in shares of iShares MSCI Europe Financials ETF by 5.2% during the second quarter. Fortis Capital Advisors LLC now owns 10,516 shares of the company’s stock valued at $333,000 after acquiring an additional 516 shares in the last quarter.

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.