SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Sets New 1-Year High – Still a Buy?

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) hit a new 52-week high on Tuesday . The company traded as high as $57.57 and last traded at $57.57, with a volume of 14409 shares changing hands. The stock had previously closed at $57.29.

SPDR Portfolio Europe ETF Stock Performance

The company has a market cap of $742.69 million, a P/E ratio of 16.86 and a beta of 0.84. The stock has a 50-day moving average of $55.70 and a two-hundred day moving average of $54.58.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in shares of SPDR Portfolio Europe ETF by 389.5% during the second quarter. Jane Street Group LLC now owns 831,260 shares of the company’s stock worth $40,283,000 after purchasing an additional 661,443 shares during the period. Osaic Holdings Inc. increased its holdings in SPDR Portfolio Europe ETF by 35.1% during the 4th 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 during the period. Equitable Holdings Inc. bought a new position in SPDR Portfolio Europe ETF during the 2nd quarter valued at approximately $4,915,000. Citadel Advisors LLC raised its position in SPDR Portfolio Europe ETF by 594.0% during the 3rd quarter. Citadel Advisors LLC now owns 89,452 shares of the company’s stock valued at $4,456,000 after purchasing an additional 76,563 shares during the last quarter. Finally, Main Management ETF Advisors LLC raised its position in SPDR Portfolio Europe ETF by 9.2% during the 4th quarter. Main Management ETF Advisors LLC now owns 403,872 shares of the company’s stock valued at $21,054,000 after purchasing an additional 33,972 shares during the last quarter.

About SPDR Portfolio Europe ETF

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.