iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 52-Week High – Should You Buy?

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) hit a new 52-week high during trading on Wednesday . The stock traded as high as $26.12 and last traded at $26.07, with a volume of 463386 shares trading hands. The stock had previously closed at $25.79.

iShares MSCI Europe Financials ETF Trading Up 1.1 %

The company has a market cap of $2.06 billion, a PE ratio of 11.90 and a beta of 1.07. The business’s 50 day moving average is $24.20 and its two-hundred day moving average is $23.93.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds have recently made changes to their positions in EUFN. GAMMA Investing LLC lifted its holdings in iShares MSCI Europe Financials ETF by 37.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock worth $42,000 after purchasing an additional 461 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares MSCI Europe Financials ETF by 50.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock worth $45,000 after buying an additional 644 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of iShares MSCI Europe Financials ETF by 246.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,450 shares of the company’s stock worth $57,000 after buying an additional 1,742 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of iShares MSCI Europe Financials ETF during the third quarter worth $103,000. Finally, EP Wealth Advisors LLC purchased a new position in iShares MSCI Europe Financials ETF during the third quarter valued at $183,000.

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.