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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $42.87 and last traded at $42.9010, with a volume of 26853 shares. The stock had previously closed at $42.24.

iShares MSCI Europe Financials ETF Trading Up 1.4%

The company has a 50 day simple moving average of $41.06 and a two-hundred day simple moving average of $38.41. The firm has a market capitalization of $4.33 billion, a P/E ratio of 11.10 and a beta of 0.78.

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iShares MSCI Europe Financials ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors have recently bought and sold shares of EUFN. Fisher Asset Management LLC increased its holdings 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 acquiring an additional 1,084,716 shares during the last quarter. Bank of Nova Scotia purchased a new position in shares of iShares MSCI Europe Financials ETF during the first quarter valued at about $1,081,000. Bessemer Group Inc. bought a new stake in shares of iShares MSCI Europe Financials ETF in the first quarter worth about $763,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 worth $112,773,000 after purchasing an additional 3,036,019 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter worth about $2,167,000.

iShares MSCI Europe Financials ETF Company Profile

(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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