iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 1-Year High – Time to Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $37.59 and last traded at $37.3450, with a volume of 2701 shares changing hands. The stock had previously closed at $37.53.

iShares MSCI Europe Financials ETF Stock Up 0.1%

The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 11.10 and a beta of 0.94. The business has a 50-day moving average of $35.25 and a 200-day moving average of $33.85.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. increased its holdings in iShares MSCI Europe Financials ETF by 231.9% in the 1st quarter. Baird Financial Group Inc. now owns 43,404 shares of the company’s stock valued at $1,237,000 after buying an additional 30,328 shares during the period. Royal Bank of Canada increased its holdings in iShares MSCI Europe Financials ETF by 158.3% in the first quarter. Royal Bank of Canada now owns 418,646 shares of the company’s stock worth $11,928,000 after purchasing an additional 256,585 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares MSCI Europe Financials ETF by 127.2% during the first quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock valued at $159,000 after purchasing an additional 3,117 shares during the period. Goldman Sachs Group Inc. increased its stake 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 valued at $13,423,000 after purchasing an additional 119,448 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares MSCI Europe Financials ETF during the first quarter worth about $712,000.

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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.