SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Shares Up 0.1% – Here’s Why

SPDR Portfolio Europe ETF (NYSEARCA:SPEU)’s stock price shot up 0.1% during trading on Friday . The company traded as high as $55.01 and last traded at $54.92. Approximately 13,214 shares were traded during trading, a decline of 81% from the average daily volume of 71,204 shares. The stock had previously closed at $54.85.

SPDR Portfolio Europe ETF Stock Up 0.1%

The stock has a market cap of $713.96 million, a P/E ratio of 16.86 and a beta of 0.84. The company’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $53.94.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of SPDR Portfolio Europe ETF during the 4th quarter worth $47,000. JPMorgan Chase & Co. raised its holdings in shares of SPDR Portfolio Europe ETF by 460.2% in the third 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 in the last quarter. Painted Porch Advisors LLC bought a new stake in shares of SPDR Portfolio Europe ETF in the third quarter valued at about $89,000. Flagship Harbor Advisors LLC purchased a new stake in SPDR Portfolio Europe ETF in the fourth quarter worth about $111,000. Finally, Cornerstone Planning Group LLC purchased a new stake in SPDR Portfolio Europe ETF in the fourth quarter worth about $124,000.

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.