iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 12-Month High – What’s Next?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares hit a new 52-week high on Monday . The stock traded as high as $29.09 and last traded at $29.09, with a volume of 520683 shares. The stock had previously closed at $28.82.

iShares MSCI Europe Financials ETF Price Performance

The firm’s 50-day simple moving average is $26.23 and its two-hundred day simple moving average is $24.76. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 11.92 and a beta of 1.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its position in iShares MSCI Europe Financials ETF by 34.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in iShares MSCI Europe Financials ETF by 2.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 22,222 shares of the company’s stock valued at $518,000 after acquiring an additional 512 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in iShares MSCI Europe Financials ETF by 3.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,714 shares of the company’s stock valued at $413,000 after acquiring an additional 628 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in 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 valued at $45,000 after acquiring an additional 644 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in iShares MSCI Europe Financials ETF by 7.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,922 shares of the company’s stock valued at $278,000 after acquiring an additional 800 shares during the last quarter.

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.