USA Financial Formulas Makes New Investment in iShares Europe ETF $IEV

USA Financial Formulas purchased a new position in shares of iShares Europe ETF (NYSEARCA:IEV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,147 shares of the company’s stock, valued at approximately $1,085,000.

Several other institutional investors also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC acquired a new position in shares of iShares Europe ETF in the second quarter valued at approximately $3,068,000. PNC Financial Services Group Inc. increased its holdings in shares of iShares Europe ETF by 7.0% in the first quarter. PNC Financial Services Group Inc. now owns 23,777 shares of the company’s stock valued at $1,384,000 after purchasing an additional 1,557 shares during the period. Baird Financial Group Inc. acquired a new position in shares of iShares Europe ETF in the first quarter valued at approximately $817,000. Johnson Investment Counsel Inc. acquired a new position in shares of iShares Europe ETF in the first quarter valued at approximately $223,000. Finally, Brown Advisory Inc. acquired a new position in shares of iShares Europe ETF in the first quarter valued at approximately $216,000.

iShares Europe ETF Trading Up 1.2%

NYSEARCA:IEV opened at $66.26 on Thursday. The firm has a market cap of $2.39 billion, a P/E ratio of 16.48 and a beta of 0.92. The stock’s 50 day simple moving average is $64.12 and its 200-day simple moving average is $62.04. iShares Europe ETF has a 12-month low of $51.30 and a 12-month high of $66.39.

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.