SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Hits New 52-Week High – What’s Next?

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) shares hit a new 52-week high on Wednesday . The stock traded as high as $55.98 and last traded at $55.8950, with a volume of 26563 shares changing hands. The stock had previously closed at $55.53.

SPDR Portfolio Europe ETF Stock Up 0.4%

The business’s 50-day moving average price is $53.48 and its 200 day moving average price is $51.08. The company has a market capitalization of $786.00 million, a P/E ratio of 16.86 and a beta of 0.94.

Hedge Funds Weigh In On SPDR Portfolio Europe ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC boosted 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 buying an additional 288 shares during the period. International Assets Investment Management LLC purchased a new position in shares of SPDR Portfolio Europe ETF in the fourth quarter worth about $47,000. JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio Europe ETF by 460.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,294 shares of the company’s stock valued at $64,000 after acquiring an additional 1,063 shares during the last quarter. Painted Porch Advisors LLC bought a new stake in shares of SPDR Portfolio Europe ETF in the 3rd quarter valued at about $89,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of SPDR Portfolio Europe ETF during the fourth quarter worth about $111,000.

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.