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

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.37 and last traded at $52.3650, with a volume of 3363 shares changing hands. The stock had previously closed at $52.11.

SPDR Portfolio Europe ETF Stock Performance

The stock has a market cap of $737.99 million, a price-to-earnings ratio of 16.86 and a beta of 0.94. The business has a 50-day simple moving average of $50.78 and a two-hundred day simple moving average of $49.61.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

Several large investors have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC increased its holdings in SPDR Portfolio Europe ETF by 45.8% during the second quarter. GPS Wealth Strategies Group LLC now owns 917 shares of the company’s stock worth $44,000 after buying an additional 288 shares during the last quarter. Garde Capital Inc. grew its holdings in SPDR Portfolio Europe ETF by 28.8% during the second quarter. Garde Capital Inc. now owns 993 shares of the company’s stock worth $48,000 after purchasing an additional 222 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SPDR Portfolio Europe ETF by 460.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,294 shares of the company’s stock worth $64,000 after acquiring an additional 1,063 shares during the period. Painted Porch Advisors LLC acquired a new position in shares of SPDR Portfolio Europe ETF during the 3rd quarter worth approximately $89,000. Finally, Jones Financial Companies Lllp raised its stake in SPDR Portfolio Europe ETF by 305.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,363 shares of the company’s stock valued at $148,000 after acquiring an additional 2,533 shares during the period.

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.