iShares Europe ETF (NYSEARCA:IEV) Position Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in iShares Europe ETF (NYSEARCA:IEV) by 305.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 228,039 shares of the company’s stock after purchasing an additional 171,836 shares during the period. Envestnet Asset Management Inc. owned 0.75% of iShares Europe ETF worth $11,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in iShares Europe ETF by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,698,388 shares of the company’s stock worth $98,965,000 after purchasing an additional 182,168 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares Europe ETF in the 4th quarter worth about $2,813,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares Europe ETF in the 4th quarter valued at about $2,287,000. Ridgeline Wealth LLC acquired a new position in shares of iShares Europe ETF in the 4th quarter valued at about $1,287,000. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares Europe ETF during the 4th quarter valued at about $1,072,000.

iShares Europe ETF Stock Up 0.9 %

Shares of NYSEARCA IEV opened at $57.79 on Friday. The firm’s 50-day moving average price is $57.86 and its two-hundred day moving average price is $55.63. iShares Europe ETF has a 52-week low of $51.30 and a 52-week high of $60.79. The stock has a market capitalization of $1.97 billion, a P/E ratio of 15.55 and a beta of 0.87.

iShares Europe ETF Company 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.