iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 12-Month High at $24.27

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $24.27 and last traded at $24.26, with a volume of 106963 shares changing hands. The stock had previously closed at $24.08.

iShares MSCI Europe Financials ETF Price Performance

The firm has a market cap of $2.05 billion, a PE ratio of 11.90 and a beta of 1.07. The stock has a 50-day moving average price of $23.30 and a 200 day moving average price of $22.97.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. RiverFront Investment Group LLC grew its position in shares of iShares MSCI Europe Financials ETF by 7.3% in the second quarter. RiverFront Investment Group LLC now owns 455,759 shares of the company’s stock valued at $10,191,000 after purchasing an additional 30,901 shares during the period. Creative Planning acquired a new position in iShares MSCI Europe Financials ETF in the second quarter valued at $609,000. Squarepoint Ops LLC acquired a new position in iShares MSCI Europe Financials ETF in the second quarter valued at $219,000. Hsbc Holdings PLC acquired a new position in iShares MSCI Europe Financials ETF in the second quarter valued at $1,413,000. Finally, Blair William & Co. IL boosted its holdings in iShares MSCI Europe Financials ETF by 34.1% in the second quarter. Blair William & Co. IL now owns 9,625 shares of the company’s stock valued at $215,000 after acquiring an additional 2,450 shares during the last quarter.

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.