SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Hits New 1-Year High – Time to Buy?

SPDR Portfolio Europe ETF (NYSEARCA:SPEU)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.98 and last traded at $55.8950, with a volume of 26563 shares changing hands. The stock had previously closed at $55.53.

SPDR Portfolio Europe ETF Trading Up 0.4%

The firm has a market cap of $786.00 million, a PE ratio of 16.86 and a beta of 0.94. The firm has a fifty day simple moving average of $53.48 and a two-hundred day simple moving average of $51.08.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in SPDR Portfolio Europe ETF by 8.9% in the first quarter. Royal Bank of Canada now owns 5,325 shares of the company’s stock worth $234,000 after buying an additional 437 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of SPDR Portfolio Europe ETF by 305.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,363 shares of the company’s stock worth $148,000 after acquiring an additional 2,533 shares during the period. Private Trust Co. NA raised its position in shares of SPDR Portfolio Europe ETF by 925.6% in the 2nd quarter. Private Trust Co. NA now owns 5,005 shares of the company’s stock worth $243,000 after acquiring an additional 4,517 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of SPDR Portfolio Europe ETF by 1.0% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 203,124 shares of the company’s stock worth $9,843,000 after acquiring an additional 1,990 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of SPDR Portfolio Europe ETF by 45.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 917 shares of the company’s stock valued at $44,000 after purchasing an additional 288 shares during the period.

About SPDR Portfolio Europe ETF

The SPDR Portfolio Europe ETF (SPEU) is an exchange-traded fund that is based on the STOXX Europe TMI index, a market-cap-weighted index of Western European companies across the market-cap spectrum. SPEU was launched on Oct 15, 2002 and is managed by State Street.