iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 1-Year High – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.73 and last traded at $25.73, with a volume of 59435 shares changing hands. The stock had previously closed at $25.43.

iShares MSCI Europe Financials ETF Trading Down 0.7 %

The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07. The firm’s 50-day moving average is $24.13 and its 200 day moving average is $23.89.

iShares MSCI Europe Financials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4752 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares MSCI Europe Financials ETF

Institutional investors have recently modified their holdings of the business. Park Avenue Securities LLC acquired a new position in iShares MSCI Europe Financials ETF during the 4th quarter worth about $732,000. GAMMA Investing LLC lifted its stake in shares of iShares MSCI Europe Financials ETF by 37.7% in the third quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock worth $42,000 after acquiring an additional 461 shares during the period. FMR LLC lifted its stake in shares of iShares MSCI Europe Financials ETF by 11.6% in the third quarter. FMR LLC now owns 49,039 shares of the company’s stock worth $1,213,000 after acquiring an additional 5,104 shares during the period. HighTower Advisors LLC boosted its holdings in iShares MSCI Europe Financials ETF by 3.0% in the third quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock valued at $2,613,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Creative Planning acquired a new stake in iShares MSCI Europe Financials ETF during the 2nd quarter valued at approximately $609,000.

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.