SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Reaches New 12-Month High – Should You Buy?

SPDR Portfolio Europe ETF (NYSEARCA:SPEU)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $56.70 and last traded at $56.67, with a volume of 4482 shares. The stock had previously closed at $56.07.

SPDR Portfolio Europe ETF Stock Up 0.9%

The firm’s 50-day simple moving average is $55.05 and its 200 day simple moving average is $54.23. The stock has a market capitalization of $738.40 million, a P/E ratio of 16.86 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its position in shares of SPDR Portfolio Europe ETF by 0.8% in the second quarter. Raymond James Financial Inc. now owns 37,358 shares of the company’s stock worth $1,810,000 after buying an additional 285 shares during the period. Royal Bank of Canada raised its position in SPDR Portfolio Europe ETF by 8.9% during 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 period. Accel Wealth Management lifted its stake in SPDR Portfolio Europe ETF by 3.0% in the 2nd quarter. Accel Wealth Management now owns 17,792 shares of the company’s stock worth $976,000 after acquiring an additional 516 shares in the last quarter. Paces Ferry Wealth Advisors LLC boosted its position in SPDR Portfolio Europe ETF by 3.5% during the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 17,745 shares of the company’s stock worth $925,000 after acquiring an additional 593 shares during the period. Finally, Sargent Investment Group LLC boosted its position in SPDR Portfolio Europe ETF by 6.1% during the 3rd quarter. Sargent Investment Group LLC now owns 10,435 shares of the company’s stock worth $520,000 after acquiring an additional 600 shares during the period.

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.