iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 1-Year High – Here’s What Happened

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

iShares MSCI Europe Financials ETF Price Performance

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

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 263.2% in the 3rd quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock worth $46,298,000 after purchasing an additional 1,356,609 shares in the last quarter. Bank of Montreal Can lifted its position in iShares MSCI Europe Financials ETF by 747.1% during the third quarter. Bank of Montreal Can now owns 304,363 shares of the company’s stock valued at $7,585,000 after purchasing an additional 268,435 shares in the last quarter. Raymond James Financial Inc. bought a new stake in iShares MSCI Europe Financials ETF during the fourth quarter valued at about $5,803,000. JPMorgan Chase & Co. increased its position in iShares MSCI Europe Financials ETF by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock worth $256,961,000 after buying an additional 109,153 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in iShares MSCI Europe Financials ETF in the third quarter worth about $1,872,000.

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.