Royal Bank of Canada Reduces Stake in iShares Europe ETF $IEV

Royal Bank of Canada reduced its holdings in iShares Europe ETF (NYSEARCA:IEV) by 25.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 299,144 shares of the company’s stock after selling 104,586 shares during the quarter. Royal Bank of Canada’s holdings in iShares Europe ETF were worth $20,324,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IEV. Financial Network Wealth Advisors LLC boosted its holdings in iShares Europe ETF by 173.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 391 shares of the company’s stock valued at $27,000 after acquiring an additional 248 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in iShares Europe ETF by 434.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock worth $29,000 after purchasing an additional 361 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in iShares Europe ETF by 4,317.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,237 shares of the company’s stock worth $78,000 after purchasing an additional 1,209 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of iShares Europe ETF in the 4th quarter worth about $141,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in shares of iShares Europe ETF in the 4th quarter worth about $147,000.

iShares Europe ETF Trading Down 0.1%

Shares of IEV opened at $75.28 on Thursday. iShares Europe ETF has a 1-year low of $62.26 and a 1-year high of $75.52. The firm’s 50-day moving average price is $72.85 and its 200-day moving average price is $71.67. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.48 and a beta of 0.81.

iShares Europe ETF 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.