iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 12-Month High – Still a Buy?

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $37.98 and last traded at $37.9250, with a volume of 114644 shares. The stock had previously closed at $37.50.

iShares MSCI Europe Financials ETF Stock Up 0.8%

The company’s fifty day simple moving average is $36.16 and its 200 day simple moving average is $34.48. The firm has a market capitalization of $4.80 billion, a PE ratio of 11.10 and a beta of 0.94.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Trading of iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter valued at approximately $82,084,000. 1607 Capital Partners LLC raised its holdings in iShares MSCI Europe Financials ETF by 493.5% in the 3rd quarter. 1607 Capital Partners LLC now owns 2,883,631 shares of the company’s stock worth $99,024,000 after acquiring an additional 2,397,747 shares during the last quarter. Schroder Investment Management Group bought a new position in iShares MSCI Europe Financials ETF in the 2nd quarter valued at approximately $60,333,000. Victory Capital Management Inc. purchased a new stake in iShares MSCI Europe Financials ETF during the 3rd quarter valued at $40,132,000. Finally, Bensler LLC purchased a new stake in iShares MSCI Europe Financials ETF during the 2nd quarter valued at $21,269,000.

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.