Northwestern Mutual Wealth Management Co. Boosts Stake in iShares Europe ETF $IEV

Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Europe ETF (NYSEARCA:IEV) by 3,397.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 789,809 shares of the company’s stock after acquiring an additional 767,229 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Europe ETF were worth $54,181,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Qube Research & Technologies Ltd lifted its holdings in iShares Europe ETF by 434.9% during the third quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock worth $29,000 after buying an additional 361 shares during the period. Allworth Financial LP lifted its holdings in iShares Europe ETF by 51.8% during the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $37,000 after buying an additional 191 shares during the period. Harbor Investment Advisory LLC purchased a new stake in iShares Europe ETF during the fourth quarter worth $69,000. Tower Research Capital LLC TRC lifted its holdings in iShares Europe ETF by 4,317.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,237 shares of the company’s stock worth $78,000 after buying an additional 1,209 shares during the period. Finally, AE Wealth Management LLC purchased a new stake in iShares Europe ETF during the third quarter worth $104,000.

iShares Europe ETF Price Performance

iShares Europe ETF stock opened at $70.49 on Monday. The business has a fifty day moving average of $69.93 and a two-hundred day moving average of $69.54. The firm has a market cap of $1.69 billion, a P/E ratio of 16.48 and a beta of 0.82. iShares Europe ETF has a twelve month low of $60.72 and a twelve month high of $74.45.

About iShares Europe ETF

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.