SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR Portfolio Europe ETF (NYSEARCA:SPEU) saw unusually-high trading volume on Friday . Approximately 153,726 shares were traded during trading, an increase of 111% from the previous session’s volume of 72,914 shares.The stock last traded at $55.8150 and had previously closed at $55.44.

SPDR Portfolio Europe ETF Price Performance

The company’s 50-day simple moving average is $53.63 and its two-hundred day simple moving average is $51.14. The firm has a market capitalization of $790.16 million, a P/E ratio of 16.86 and a beta of 0.94.

Hedge Funds Weigh In On SPDR Portfolio Europe ETF

Hedge funds have recently made changes to their positions in the business. CWM LLC grew its holdings in SPDR Portfolio Europe ETF by 9.8% during the 4th quarter. CWM LLC now owns 2,433,270 shares of the company’s stock valued at $126,846,000 after buying an additional 217,888 shares in the last quarter. Jane Street Group LLC boosted its position in shares of SPDR Portfolio Europe ETF by 389.5% during the 2nd quarter. Jane Street Group LLC now owns 831,260 shares of the company’s stock valued at $40,283,000 after acquiring an additional 661,443 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of SPDR Portfolio Europe ETF by 35.1% in the fourth quarter. Osaic Holdings Inc. now owns 603,703 shares of the company’s stock valued at $31,471,000 after purchasing an additional 156,737 shares in the last quarter. Main Management ETF Advisors LLC increased its position in SPDR Portfolio Europe ETF by 9.2% in the fourth quarter. Main Management ETF Advisors LLC now owns 403,872 shares of the company’s stock worth $21,054,000 after purchasing an additional 33,972 shares during the last quarter. Finally, LPL Financial LLC raised its stake in SPDR Portfolio Europe ETF by 2.6% during the fourth quarter. LPL Financial LLC now owns 363,730 shares of the company’s stock valued at $18,961,000 after purchasing an additional 9,287 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.