iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sets New 52-Week High – Time to Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.43 and last traded at $37.1460, with a volume of 672543 shares. The stock had previously closed at $37.30.

iShares MSCI Europe Financials ETF Price Performance

The firm’s fifty day moving average is $35.01 and its two-hundred day moving average is $33.71. The firm has a market capitalization of $4.85 billion, a PE ratio of 11.10 and a beta of 0.94.

iShares MSCI Europe Financials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.5156 per share. This represents a dividend yield of 286.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC increased its holdings in iShares MSCI Europe Financials ETF by 1.7% during the third quarter. Fisher Asset Management LLC now owns 35,932,610 shares of the company’s stock worth $1,233,926,000 after buying an additional 587,501 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares MSCI Europe Financials ETF by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 6,776,544 shares of the company’s stock valued at $232,707,000 after purchasing an additional 178,448 shares during the period. 1607 Capital Partners LLC raised its stake in shares of iShares MSCI Europe Financials ETF by 493.5% in the third quarter. 1607 Capital Partners LLC now owns 2,883,631 shares of the company’s stock valued at $99,024,000 after buying an additional 2,397,747 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI Europe Financials ETF by 27.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,644,498 shares of the company’s stock valued at $83,640,000 after buying an additional 571,534 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in iShares MSCI Europe Financials ETF in the 2nd quarter worth about $82,084,000.

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.