iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 52-Week High – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price hit a new 52-week high on Thursday . The stock traded as high as $40.00 and last traded at $40.00, with a volume of 62452 shares trading hands. The stock had previously closed at $39.07.

iShares MSCI Europe Financials ETF Price Performance

The company has a 50 day simple moving average of $38.15 and a 200-day simple moving average of $37.23. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.1368 per share. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several large investors have recently added to or reduced their stakes in EUFN. Triumph Capital Management bought a new stake in iShares MSCI Europe Financials ETF during the third quarter valued at $31,000. Larson Financial Group LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 85.5% in the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after buying an additional 394 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 130.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock worth $32,000 after buying an additional 519 shares during the last quarter. Arax Advisory Partners acquired a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter valued at about $32,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at about $34,000.

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.