iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 52-Week High – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price reached a new 52-week high on Monday . The company traded as high as $38.82 and last traded at $38.8440, with a volume of 902799 shares changing hands. The stock had previously closed at $38.22.

iShares MSCI Europe Financials ETF Price Performance

The stock has a 50-day moving average price of $36.91 and a 200-day moving average price of $34.83. The firm has a market capitalization of $4.91 billion, a PE ratio of 11.10 and a beta of 0.94.

iShares MSCI Europe Financials ETF Announces Dividend

The company 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. This represents a yield of 286.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. World Investment Advisors boosted its holdings in iShares MSCI Europe Financials ETF by 16.7% in the fourth quarter. World Investment Advisors now owns 33,587 shares of the company’s stock worth $1,220,000 after purchasing an additional 4,811 shares during the period. Purkiss Capital Advisors LLC bought a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter worth about $226,000. Strait & Sound Wealth Management LLC boosted its holdings in shares of iShares MSCI Europe Financials ETF by 6.4% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 17,256 shares of the company’s stock valued at $640,000 after buying an additional 1,038 shares during the period. Activest Wealth Management acquired a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter valued at about $53,000. Finally, Sanctuary Advisors LLC grew its position in shares of iShares MSCI Europe Financials ETF by 2.8% during the 4th quarter. Sanctuary Advisors LLC now owns 64,103 shares of the company’s stock valued at $2,378,000 after buying an additional 1,755 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.