SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Stock Price Up 0.5% – Time to Buy?

SPDR Portfolio Europe ETF (NYSEARCA:SPEUGet Free Report) rose 0.5% during mid-day trading on Monday . The stock traded as high as $55.43 and last traded at $55.12. Approximately 33,595 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 57,843 shares. The stock had previously closed at $54.83.

SPDR Portfolio Europe ETF Price Performance

The company’s fifty day moving average price is $56.13 and its 200 day moving average price is $54.65. The company has a market cap of $708.37 million, a PE ratio of 16.86 and a beta of 0.84.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobs Equity LLC purchased a new position in SPDR Portfolio Europe ETF in the fourth quarter worth $485,000. Main Management ETF Advisors LLC increased its position in shares of SPDR Portfolio Europe ETF by 9.2% during the 4th quarter. Main Management ETF Advisors LLC now owns 403,872 shares of the company’s stock valued at $21,054,000 after purchasing an additional 33,972 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of SPDR Portfolio Europe ETF during the 1st quarter worth $654,000. Fisher Asset Management LLC bought a new stake in shares of SPDR Portfolio Europe ETF during the 4th quarter worth $263,000. Finally, Bank of America Corp DE boosted its holdings in shares of SPDR Portfolio Europe ETF by 0.6% in the 1st quarter. Bank of America Corp DE now owns 292,936 shares of the company’s stock worth $15,010,000 after buying an additional 1,611 shares during the last quarter.

SPDR Portfolio Europe ETF Company Profile

(Get Free Report)

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.

Further Reading

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