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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $42.00 and last traded at $42.00, with a volume of 1313 shares trading hands. The stock had previously closed at $41.68.

iShares MSCI Europe Financials ETF Stock Performance

The business has a 50-day moving average of $39.23 and a 200-day moving average of $37.70. The stock has a market capitalization of $4.23 billion, a price-to-earnings 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. Shareholders of record on Monday, June 15th were given a dividend of $1.1368 per share. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 purchasing an additional 657,466 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 3.0% in 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 buying an additional 1,084,716 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in shares of iShares MSCI Europe Financials ETF by 138.1% in the third quarter. Tudor Investment Corp ET AL now owns 211,115 shares of the company’s stock valued at $7,250,000 after buying an additional 122,443 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at $763,000. Finally, Bank of Nova Scotia purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at $1,081,000.

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.