iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 12-Month High – Here’s What Happened

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.00 and last traded at $40.00, with a volume of 62452 shares traded. The stock had previously closed at $39.07.

iShares MSCI Europe Financials ETF Stock Up 2.3%

The business’s 50-day moving average price is $38.08 and its 200 day moving average price is $37.18. The company has a market capitalization of $3.83 billion, a P/E ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.1368 dividend. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in shares of iShares MSCI Europe Financials ETF in the third quarter worth $31,000. Larson Financial Group LLC grew its position in iShares MSCI Europe Financials ETF by 85.5% during the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after buying an additional 394 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in iShares MSCI Europe Financials ETF by 130.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock worth $32,000 after acquiring an additional 519 shares during the last quarter. Arax Advisory Partners bought a new position in iShares MSCI Europe Financials ETF in the 4th quarter worth about $32,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at about $34,000.

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.