iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 52-Week High – Here’s What Happened

iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $40.52 and last traded at $40.10, with a volume of 2085461 shares. The stock had previously closed at $40.50.

iShares MSCI Europe Financials ETF Stock Performance

The firm has a market cap of $3.80 billion, a P/E ratio of 11.10 and a beta of 0.78. The firm has a fifty day moving average of $38.27 and a 200-day moving average of $37.29.

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iShares MSCI Europe Financials ETF Announces Dividend

The business 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.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors have recently modified their holdings of EUFN. Fisher Asset Management LLC lifted its position in iShares MSCI Europe Financials ETF by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after purchasing an additional 1,084,716 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares MSCI Europe Financials ETF by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 7,269,370 shares of the company’s stock worth $269,621,000 after purchasing an additional 492,826 shares during the last quarter. Morgan Stanley grew its position in iShares MSCI Europe Financials ETF by 0.9% in the 4th quarter. Morgan Stanley now owns 5,452,627 shares of the company’s stock worth $202,238,000 after purchasing an additional 46,774 shares during the last quarter. 1607 Capital Partners LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 32.0% in the fourth quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock valued at $141,128,000 after purchasing an additional 921,396 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of 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

(Get Free Report)

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.

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