SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Trading Up 1.6% – Here’s Why

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) was up 1.6% during mid-day trading on Monday . The company traded as high as $54.25 and last traded at $54.25. Approximately 38,375 shares traded hands during trading, a decline of 56% from the average daily volume of 87,581 shares. The stock had previously closed at $53.40.

SPDR Portfolio Europe ETF Price Performance

The company’s fifty day simple moving average is $52.97 and its 200-day simple moving average is $52.78. The firm has a market capitalization of $729.77 million, a PE ratio of 16.86 and a beta of 0.85.

Hedge Funds Weigh In On SPDR Portfolio Europe ETF

A number of hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in shares of SPDR Portfolio Europe ETF by 0.8% during the second quarter. Raymond James Financial Inc. now owns 37,358 shares of the company’s stock valued at $1,810,000 after acquiring an additional 285 shares during the last quarter. Royal Bank of Canada raised its position in shares of SPDR Portfolio Europe ETF by 8.9% in the first quarter. Royal Bank of Canada now owns 5,325 shares of the company’s stock valued at $234,000 after buying an additional 437 shares during the last quarter. Paces Ferry Wealth Advisors LLC raised its position in shares of SPDR Portfolio Europe ETF by 3.5% in the fourth quarter. Paces Ferry Wealth Advisors LLC now owns 17,745 shares of the company’s stock valued at $925,000 after buying an additional 593 shares during the last quarter. Sargent Investment Group LLC raised its position in shares of SPDR Portfolio Europe ETF by 6.1% in the third quarter. Sargent Investment Group LLC now owns 10,435 shares of the company’s stock valued at $520,000 after buying an additional 600 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of SPDR Portfolio Europe ETF by 12.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 5,436 shares of the company’s stock valued at $283,000 after buying an additional 601 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.