iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 12-Month High – Here’s Why

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high on Tuesday . The stock traded as high as $35.51 and last traded at $35.4550, with a volume of 196315 shares changing hands. The stock had previously closed at $35.15.

iShares MSCI Europe Financials ETF Trading Up 0.3%

The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 11.10 and a beta of 0.94. The stock has a fifty day moving average price of $34.13 and a 200-day moving average price of $33.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares MSCI Europe Financials ETF by 161.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,172 shares of the company’s stock valued at $147,000 after acquiring an additional 3,194 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of iShares MSCI Europe Financials ETF by 3.5% during the second quarter. Cetera Investment Advisers now owns 188,245 shares of the company’s stock worth $5,954,000 after purchasing an additional 6,313 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter worth $517,000. Banco de Sabadell S.A increased its holdings in iShares MSCI Europe Financials ETF by 42.0% in the second quarter. Banco de Sabadell S.A now owns 61,897 shares of the company’s stock valued at $1,959,000 after purchasing an additional 18,317 shares during the last quarter. Finally, 17 Capital Partners LLC lifted its stake in iShares MSCI Europe Financials ETF by 35.3% in the second quarter. 17 Capital Partners LLC now owns 12,310 shares of the company’s stock valued at $389,000 after buying an additional 3,210 shares during the period.

About iShares MSCI Europe Financials ETF

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.