Russell Investments Group Ltd. Has $7.80 Million Stake in SPDR MSCI Europe Energy UCITS ETF (STN)

Russell Investments Group Ltd. increased its position in shares of SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,328 shares of the business services provider’s stock after buying an additional 39,897 shares during the period. Russell Investments Group Ltd. owned about 0.26% of SPDR MSCI Europe Energy UCITS ETF worth $7,795,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Cardinal Capital Management Inc. raised its stake in SPDR MSCI Europe Energy UCITS ETF by 28.9% in the first quarter. Cardinal Capital Management Inc. now owns 12,500 shares of the business services provider’s stock worth $324,000 after buying an additional 2,800 shares during the period. Norges Bank purchased a new stake in SPDR MSCI Europe Energy UCITS ETF during the fourth quarter valued at approximately $24,742,000. Jarislowsky Fraser Ltd raised its stake in SPDR MSCI Europe Energy UCITS ETF by 1.0% in the fourth quarter. Jarislowsky Fraser Ltd now owns 10,477,665 shares of the business services provider’s stock valued at $265,018,000 after buying an additional 104,995 shares during the last quarter. Luminus Management LLC purchased a new stake in SPDR MSCI Europe Energy UCITS ETF during the fourth quarter valued at approximately $39,034,000. Finally, Grandeur Peak Global Advisors LLC raised its stake in SPDR MSCI Europe Energy UCITS ETF by 18.8% in the third quarter. Grandeur Peak Global Advisors LLC now owns 949,247 shares of the business services provider’s stock valued at $22,311,000 after buying an additional 150,109 shares during the last quarter. 58.81% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN)

Shares of SPDR MSCI Europe Energy UCITS ETF (STN) traded up 0.21% on Friday, reaching $23.65. The company’s stock had a trading volume of 11,805 shares. The company has a 50 day moving average of $23.75 and a 200 day moving average of $25.59. SPDR MSCI Europe Energy UCITS ETF has a 1-year low of $21.50 and a 1-year high of $28.05. The stock has a market capitalization of $2.70 billion, a P/E ratio of 85.07 and a beta of 1.56.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 30th will be issued a $0.0913 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.37 annualized dividend and a yield of 1.54%. SPDR MSCI Europe Energy UCITS ETF’s dividend payout ratio (DPR) is presently 126.67%.

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STN has been the topic of several recent analyst reports. Desjardins upgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a report on Friday, May 12th. Zacks Investment Research downgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. TheStreet downgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “b-” rating to a “c+” rating in a report on Thursday, March 9th. Finally, Scotiabank raised shares of SPDR MSCI Europe Energy UCITS ETF from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.67.

SPDR MSCI Europe Energy UCITS ETF Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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