Power Wealth Management LLC Makes New Investment in iShares Europe ETF $IEV

Power Wealth Management LLC purchased a new position in shares of iShares Europe ETF (NYSEARCA:IEV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,760 shares of the company’s stock, valued at approximately $857,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IEV. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Europe ETF by 3,397.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 789,809 shares of the company’s stock valued at $54,181,000 after acquiring an additional 767,229 shares in the last quarter. Nvest Financial LLC raised its position in iShares Europe ETF by 11.2% in the first quarter. Nvest Financial LLC now owns 74,600 shares of the company’s stock worth $5,068,000 after purchasing an additional 7,539 shares in the last quarter. swisspartners Advisors Ltd raised its position in iShares Europe ETF by 129.4% in the fourth quarter. swisspartners Advisors Ltd now owns 25,580 shares of the company’s stock worth $1,753,000 after purchasing an additional 14,430 shares in the last quarter. Curtis Wealth Management LLC bought a new position in iShares Europe ETF during the fourth quarter worth about $539,000. Finally, Sax Wealth Advisors LLC bought a new position in iShares Europe ETF during the second quarter worth about $458,000.

iShares Europe ETF Trading Up 0.8%

NYSEARCA IEV opened at $75.03 on Friday. The stock’s 50 day moving average is $74.08 and its two-hundred day moving average is $72.20. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.48 and a beta of 0.81. iShares Europe ETF has a 1-year low of $63.65 and a 1-year high of $76.32.

iShares Europe ETF Profile

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.