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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $43.08 and last traded at $43.08, with a volume of 142 shares changing hands. The stock had previously closed at $42.29.

iShares MSCI Europe Financials ETF Stock Up 1.9%

The company’s fifty day moving average price is $39.68 and its two-hundred day moving average price is $37.91. The firm has a market cap of $4.35 billion, a PE ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.1368 per share. The ex-dividend date was Monday, June 15th.

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 business. Mirae Asset Global Investments Co. Ltd. boosted its position in iShares MSCI Europe Financials ETF by 110.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250,666 shares of the company’s stock worth $46,387,000 after acquiring an additional 657,466 shares during the last quarter. Fisher Asset Management LLC grew its position in iShares MSCI Europe Financials ETF by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after acquiring an additional 1,084,716 shares during the period. Bank of Nova Scotia acquired a new stake in iShares MSCI Europe Financials ETF during the 1st quarter worth approximately $1,081,000. Bessemer Group Inc. acquired a new stake in shares of iShares MSCI Europe Financials ETF in the first quarter worth $763,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in iShares MSCI Europe Financials ETF by 67,377.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock valued at $112,773,000 after purchasing an additional 3,036,019 shares during the period.

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.