SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Trading 0.1% Higher – Here’s Why

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) shares shot up 0.1% during trading on Friday . The stock traded as high as $55.01 and last traded at $54.92. 13,214 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 71,204 shares. The stock had previously closed at $54.85.

SPDR Portfolio Europe ETF Trading Up 0.1%

The stock’s 50 day moving average is $54.86 and its two-hundred day moving average is $53.94. The stock has a market capitalization of $713.96 million, a price-to-earnings ratio of 16.86 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Accel Wealth Management grew its holdings in shares of SPDR Portfolio Europe ETF by 3.0% during the second quarter. Accel Wealth Management now owns 17,792 shares of the company’s stock worth $976,000 after buying an additional 516 shares in the last quarter. Bank of America Corp DE boosted its position in SPDR Portfolio Europe ETF by 0.6% during the 1st quarter. Bank of America Corp DE now owns 292,936 shares of the company’s stock worth $15,010,000 after acquiring an additional 1,611 shares during the last quarter. Bank of Nova Scotia acquired a new position in SPDR Portfolio Europe ETF during the 1st quarter worth approximately $433,000. Cetera Investment Advisers grew its stake in shares of SPDR Portfolio Europe ETF by 13.5% during the 1st quarter. Cetera Investment Advisers now owns 73,168 shares of the company’s stock worth $3,749,000 after acquiring an additional 8,712 shares in the last quarter. Finally, Paces Ferry Wealth Advisors LLC grew its stake in shares of SPDR Portfolio Europe ETF by 3.5% during the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 18,369 shares of the company’s stock worth $941,000 after acquiring an additional 624 shares in the last quarter.

SPDR Portfolio Europe ETF Company Profile

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.