JPMorgan Chase & Co. Cuts Stake in iShares Europe ETF $IEV

JPMorgan Chase & Co. lowered its stake in shares of iShares Europe ETF (NYSEARCA:IEV) by 12.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,283,340 shares of the company’s stock after selling 176,678 shares during the period. JPMorgan Chase & Co. owned about 0.05% of iShares Europe ETF worth $84,033,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new position in iShares Europe ETF in the second quarter valued at about $59,097,000. Barings LLC raised its holdings in shares of iShares Europe ETF by 6.0% in the 2nd quarter. Barings LLC now owns 723,437 shares of the company’s stock worth $45,757,000 after purchasing an additional 41,244 shares during the period. Jane Street Group LLC lifted its stake in iShares Europe ETF by 121.3% in the second quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after purchasing an additional 196,368 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares Europe ETF by 2.3% in the third quarter. Envestnet Asset Management Inc. now owns 289,724 shares of the company’s stock valued at $18,971,000 after purchasing an additional 6,598 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in iShares Europe ETF during the second quarter valued at $12,411,000.

iShares Europe ETF Price Performance

NYSEARCA:IEV opened at $73.52 on Tuesday. The company has a market capitalization of $1.76 billion, a P/E ratio of 16.48 and a beta of 0.91. The business has a fifty day simple moving average of $70.77 and a two-hundred day simple moving average of $67.45. iShares Europe ETF has a 1 year low of $51.30 and a 1 year high of $73.85.

iShares Europe ETF Company Profile

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.