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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $34.98 and last traded at $34.9760, with a volume of 93313 shares changing hands. The stock had previously closed at $34.70.

iShares MSCI Europe Financials ETF Trading Up 0.8%

The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 11.10 and a beta of 0.94. The firm’s 50 day simple moving average is $33.84 and its 200-day simple moving average is $32.64.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors have recently modified their holdings of EUFN. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI Europe Financials ETF during the 3rd quarter worth $826,000. Rothschild Investment LLC lifted its holdings in shares of iShares MSCI Europe Financials ETF by 2,901.1% during the 3rd quarter. Rothschild Investment LLC now owns 5,432 shares of the company’s stock worth $187,000 after acquiring an additional 5,251 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares MSCI Europe Financials ETF by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 6,776,544 shares of the company’s stock worth $232,707,000 after acquiring an additional 178,448 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in iShares MSCI Europe Financials ETF by 74.6% in the third quarter. PNC Financial Services Group Inc. now owns 5,297 shares of the company’s stock valued at $182,000 after purchasing an additional 2,264 shares during the period. Finally, HighTower Advisors LLC increased its position in iShares MSCI Europe Financials ETF by 1.2% during the third quarter. HighTower Advisors LLC now owns 78,933 shares of the company’s stock worth $2,711,000 after purchasing an additional 949 shares during the last quarter.

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.