SPDR Portfolio Europe ETF (NYSEARCA:SPEU) Sees Strong Trading Volume – Still a Buy?

SPDR Portfolio Europe ETF (NYSEARCA:SPEU) shares saw unusually-strong trading volume on Tuesday . Approximately 406,370 shares changed hands during trading, an increase of 409% from the previous session’s volume of 79,899 shares.The stock last traded at $52.20 and had previously closed at $51.94.

SPDR Portfolio Europe ETF Stock Up 0.6%

The company’s fifty day moving average is $54.25 and its two-hundred day moving average is $51.77. The stock has a market cap of $737.01 million, a price-to-earnings ratio of 16.86 and a beta of 0.94.

Institutional Investors Weigh In On SPDR Portfolio Europe ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its stake in shares of SPDR Portfolio Europe ETF by 389.5% during the second quarter. Jane Street Group LLC now owns 831,260 shares of the company’s stock worth $40,283,000 after purchasing an additional 661,443 shares in the last quarter. CWM LLC raised its stake in SPDR Portfolio Europe ETF by 9.8% in the fourth quarter. CWM LLC now owns 2,433,270 shares of the company’s stock valued at $126,846,000 after buying an additional 217,888 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in SPDR Portfolio Europe ETF by 35.1% during the 4th quarter. Osaic Holdings Inc. now owns 603,703 shares of the company’s stock worth $31,471,000 after buying an additional 156,737 shares during the last quarter. Equitable Holdings Inc. purchased a new stake in SPDR Portfolio Europe ETF during the 2nd quarter worth about $4,915,000. Finally, Citadel Advisors LLC boosted its position in shares of SPDR Portfolio Europe ETF by 594.0% during the 3rd quarter. Citadel Advisors LLC now owns 89,452 shares of the company’s stock worth $4,456,000 after acquiring an additional 76,563 shares in the last quarter.

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.