Tower Research Capital LLC TRC Boosts Stake in iShares Europe ETF (NYSEARCA:IEV)

Tower Research Capital LLC TRC lifted its position in shares of iShares Europe ETF (NYSEARCA:IEV) by 84.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 565 shares of the company’s stock after acquiring an additional 258 shares during the quarter. Tower Research Capital LLC TRC’s holdings in iShares Europe ETF were worth $30,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc purchased a new stake in shares of iShares Europe ETF during the 4th quarter worth about $925,000. Scotia Capital Inc. lifted its stake in iShares Europe ETF by 8.3% in the 4th quarter. Scotia Capital Inc. now owns 34,755 shares of the company’s stock valued at $1,837,000 after buying an additional 2,678 shares in the last quarter. Palisades Hudson Asset Management L.P. lifted its stake in iShares Europe ETF by 0.6% in the 4th quarter. Palisades Hudson Asset Management L.P. now owns 41,845 shares of the company’s stock valued at $2,212,000 after buying an additional 248 shares in the last quarter. Hsbc Holdings PLC lifted its stake in iShares Europe ETF by 76.0% in the 4th quarter. Hsbc Holdings PLC now owns 32,881 shares of the company’s stock valued at $1,738,000 after buying an additional 14,194 shares in the last quarter. Finally, TSA Wealth Managment LLC purchased a new position in iShares Europe ETF in the 4th quarter valued at about $332,000.

iShares Europe ETF Price Performance

iShares Europe ETF stock traded up $0.48 during midday trading on Friday, reaching $55.22. The company had a trading volume of 183,709 shares, compared to its average volume of 309,729. The company has a market capitalization of $1.68 billion, a P/E ratio of 15.32 and a beta of 0.80. iShares Europe ETF has a 12-month low of $45.43 and a 12-month high of $55.90. The firm’s fifty day simple moving average is $54.76 and its 200-day simple moving average is $52.18.

About iShares Europe ETF

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.