iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 52-Week High – Still a Buy?

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) hit a new 52-week high during trading on Thursday . The company traded as high as $25.11 and last traded at $25.13, with a volume of 254375 shares trading hands. The stock had previously closed at $24.74.

iShares MSCI Europe Financials ETF Stock Performance

The business’s 50-day moving average price is $23.78 and its 200 day moving average price is $23.73. The company has a market cap of $1.95 billion, a P/E ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew 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 valued at $42,000 after acquiring an additional 461 shares in the last quarter. Centaurus Financial Inc. bought a new stake in iShares MSCI Europe Financials ETF during the third quarter worth about $103,000. EP Wealth Advisors LLC acquired a new stake in iShares MSCI Europe Financials ETF during the third quarter worth about $183,000. Blair William & Co. IL grew its stake in iShares MSCI Europe Financials ETF by 34.1% during the second quarter. Blair William & Co. IL now owns 9,625 shares of the company’s stock worth $215,000 after buying an additional 2,450 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of iShares MSCI Europe Financials ETF in the 2nd quarter valued at approximately $219,000.

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.