New Wave Wealth Advisors LLC Raises Stake in iShares Europe ETF $IEV

New Wave Wealth Advisors LLC boosted its holdings in shares of iShares Europe ETF (NYSEARCA:IEV) by 166.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,921 shares of the company’s stock after buying an additional 81,801 shares during the quarter. iShares Europe ETF makes up about 3.1% of New Wave Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest holding. New Wave Wealth Advisors LLC owned approximately 0.55% of iShares Europe ETF worth $8,573,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Aberdeen Wealth Management LLC bought a new stake in shares of iShares Europe ETF during the 2nd quarter valued at $25,000. Heartwood Wealth Advisors LLC bought a new stake in iShares Europe ETF during the third quarter valued at about $29,000. American National Bank & Trust purchased a new stake in iShares Europe ETF in the third quarter worth about $32,000. Grove Bank & Trust bought a new position in shares of iShares Europe ETF in the third quarter worth about $52,000. Finally, Trust Co. of Vermont purchased a new position in shares of iShares Europe ETF during the 2nd quarter valued at about $58,000.

iShares Europe ETF Trading Up 0.4%

Shares of NYSEARCA:IEV opened at $70.62 on Friday. The stock has a 50 day moving average of $68.19 and a 200 day moving average of $65.95. The company has a market cap of $1.69 billion, a PE ratio of 16.48 and a beta of 0.91. iShares Europe ETF has a 12-month low of $51.30 and a 12-month high of $70.81.

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.