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

SPDR Portfolio Europe ETF (NYSEARCA:SPEU)’s stock price reached 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 traded. The stock had previously closed at $57.29.

SPDR Portfolio Europe ETF Stock Performance

The company has a market capitalization of $748.41 million, a PE ratio of 16.86 and a beta of 0.84. The business has a fifty day moving average price of $55.63 and a 200 day moving average price of $54.54.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in 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 last quarter. Osaic Holdings Inc. raised its stake in SPDR Portfolio Europe ETF by 35.1% during the fourth quarter. Osaic Holdings Inc. now owns 603,703 shares of the company’s stock worth $31,471,000 after acquiring an additional 156,737 shares during the period. Main Management ETF Advisors LLC raised its stake in SPDR Portfolio Europe ETF by 9.2% during the fourth quarter. Main Management ETF Advisors LLC now owns 403,872 shares of the company’s stock worth $21,054,000 after acquiring an additional 33,972 shares during the period. LPL Financial LLC lifted its holdings in SPDR Portfolio Europe ETF by 2.6% in the fourth quarter. LPL Financial LLC now owns 363,730 shares of the company’s stock worth $18,961,000 after acquiring an additional 9,287 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in SPDR Portfolio Europe ETF by 0.6% in the first quarter. Bank of America Corp DE now owns 292,936 shares of the company’s stock worth $15,010,000 after acquiring an additional 1,611 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.