iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 12-Month High – Should You Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.59 and last traded at $37.3450, with a volume of 2701 shares changing hands. The stock had previously closed at $37.53.

iShares MSCI Europe Financials ETF Trading Down 0.8%

The stock has a market capitalization of $4.67 billion, a P/E ratio of 11.10 and a beta of 0.94. The company has a fifty day simple moving average of $35.39 and a two-hundred day simple moving average of $33.95.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EUFN. Triumph Capital Management bought a new stake in iShares MSCI Europe Financials ETF in the third quarter valued at about $31,000. Avion Wealth bought a new stake in shares of iShares MSCI Europe Financials ETF in the 3rd quarter valued at about $34,000. Guerra Advisors Inc bought a new stake in shares of iShares MSCI Europe Financials ETF in the 3rd quarter valued at about $36,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF in the 2nd quarter valued at approximately $45,000. Finally, TD Private Client Wealth LLC boosted its stake in iShares MSCI Europe Financials ETF by 30.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,635 shares of the company’s stock worth $52,000 after acquiring an additional 385 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.