iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 12-Month High at $23.36

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.36 and last traded at $23.32, with a volume of 54523 shares trading hands. The stock had previously closed at $22.99.

iShares MSCI Europe Financials ETF Trading Up 0.2 %

The business’s 50 day simple moving average is $22.36 and its 200 day simple moving average is $20.94. The firm has a market capitalization of $1.49 billion, a PE ratio of 11.90 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Congress Wealth Management LLC DE lifted its stake in shares of iShares MSCI Europe Financials ETF by 1.4% in the 1st quarter. Congress Wealth Management LLC DE now owns 1,230,375 shares of the company’s stock valued at $27,979,000 after purchasing an additional 16,657 shares during the last quarter. Congress Wealth Management LLC DE lifted its position in iShares MSCI Europe Financials ETF by 0.9% in the third quarter. Congress Wealth Management LLC DE now owns 1,208,910 shares of the company’s stock worth $22,860,000 after buying an additional 10,278 shares during the last quarter. Azimuth Capital Investment Management LLC boosted its stake in iShares MSCI Europe Financials ETF by 0.5% during the third quarter. Azimuth Capital Investment Management LLC now owns 443,952 shares of the company’s stock worth $8,395,000 after buying an additional 2,400 shares during the period. RiverFront Investment Group LLC boosted its stake in iShares MSCI Europe Financials ETF by 8.6% during the first quarter. RiverFront Investment Group LLC now owns 424,913 shares of the company’s stock worth $9,662,000 after buying an additional 33,812 shares during the period. Finally, Prudential PLC bought a new position in iShares MSCI Europe Financials ETF during the third quarter valued at $6,032,000.

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.