SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Hits New 12-Month High – Time to Buy?

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) hit a new 52-week high during trading on Wednesday . The company traded as high as $55.53 and last traded at $55.41, with a volume of 85644 shares changing hands. The stock had previously closed at $54.54.

SPDR Portfolio Europe ETF Trading Up 1.6%

The company has a market capitalization of $781.28 million, a PE ratio of 16.86 and a beta of 0.94. The business’s 50-day simple moving average is $52.05 and its 200-day simple moving average is $50.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC lifted its position in SPDR Portfolio Europe ETF by 45.8% during the second 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. JPMorgan Chase & Co. grew its holdings in SPDR Portfolio Europe ETF by 460.2% during the third quarter. JPMorgan Chase & Co. now owns 1,294 shares of the company’s stock worth $64,000 after acquiring an additional 1,063 shares during the period. Painted Porch Advisors LLC purchased a new position in SPDR Portfolio Europe ETF during the third quarter valued at approximately $89,000. Flagship Harbor Advisors LLC purchased a new position in SPDR Portfolio Europe ETF during the fourth quarter valued at approximately $111,000. Finally, Jones Financial Companies Lllp lifted its holdings in SPDR Portfolio Europe ETF by 305.2% in the first quarter. Jones Financial Companies Lllp now owns 3,363 shares of the company’s stock valued at $148,000 after acquiring an additional 2,533 shares during the period.

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.