SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Hits New 12-Month High – Still a Buy?

Shares of SPDR Portfolio Europe ETF (NYSEARCA:SPEU) hit a new 52-week high on Monday . The company traded as high as $55.55 and last traded at $55.62, with a volume of 37122 shares. The stock had previously closed at $55.09.

SPDR Portfolio Europe ETF Stock Performance

The stock has a market capitalization of $785.09 million, a P/E ratio of 16.86 and a beta of 0.94. The business has a fifty day simple moving average of $53.13 and a 200-day simple moving average of $50.85.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPEU. Royal Bank of Canada grew its stake in shares of SPDR Portfolio Europe ETF by 8.9% in the 1st 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. Jones Financial Companies Lllp boosted its holdings in SPDR Portfolio Europe ETF by 305.2% in the first quarter. Jones Financial Companies Lllp now owns 3,363 shares of the company’s stock worth $148,000 after acquiring an additional 2,533 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in SPDR Portfolio Europe ETF by 320.6% in the second quarter. Johnson Investment Counsel Inc. now owns 36,334 shares of the company’s stock worth $1,761,000 after acquiring an additional 27,695 shares in the last quarter. Private Trust Co. NA grew its stake in SPDR Portfolio Europe ETF by 925.6% in the second quarter. Private Trust Co. NA now owns 5,005 shares of the company’s stock valued at $243,000 after acquiring an additional 4,517 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in shares of SPDR Portfolio Europe ETF by 1.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 203,124 shares of the company’s stock valued at $9,843,000 after acquiring an additional 1,990 shares in the last quarter.

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.