iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 1-Year High – Here’s What Happened

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $42.76 and last traded at $42.70, with a volume of 21128 shares. The stock had previously closed at $42.57.

iShares MSCI Europe Financials ETF Stock Performance

The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78. The stock’s fifty day moving average is $40.05 and its two-hundred day moving average is $38.04.

iShares MSCI Europe Financials ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in iShares MSCI Europe Financials ETF by 127.2% in the 1st quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock valued at $159,000 after buying an additional 3,117 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in iShares MSCI Europe Financials ETF by 34.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock worth $13,423,000 after purchasing an additional 119,448 shares during the last quarter. Empowered Funds LLC bought a new stake in iShares MSCI Europe Financials ETF during the 1st quarter worth about $1,542,000. Baird Financial Group Inc. lifted its position in iShares MSCI Europe Financials ETF by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 44,359 shares of the company’s stock valued at $1,403,000 after purchasing an additional 955 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in iShares MSCI Europe Financials ETF by 23,355.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 237,367 shares of the company’s stock valued at $7,508,000 after purchasing an additional 236,355 shares during the period.

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.