iShares Europe ETF (NYSEARCA:IEV) Stake Lifted by FPC Investment Advisory Inc.

FPC Investment Advisory Inc. raised its stake in iShares Europe ETF (NYSEARCA:IEV) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,816 shares of the company’s stock after purchasing an additional 12,971 shares during the quarter. iShares Europe ETF comprises about 4.7% of FPC Investment Advisory Inc.’s investment portfolio, making the stock its 8th biggest position. FPC Investment Advisory Inc. owned 0.38% of iShares Europe ETF worth $6,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of iShares Europe ETF by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,698,388 shares of the company’s stock worth $98,965,000 after acquiring an additional 182,168 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of iShares Europe ETF during the fourth quarter worth about $570,000. FMR LLC increased its position in shares of iShares Europe ETF by 18.5% during the third quarter. FMR LLC now owns 17,064 shares of the company’s stock worth $994,000 after acquiring an additional 2,662 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of iShares Europe ETF by 6.6% during the fourth quarter. Mayflower Financial Advisors LLC now owns 26,428 shares of the company’s stock worth $1,376,000 after acquiring an additional 1,632 shares during the last quarter. Finally, Ridgeline Wealth LLC acquired a new position in iShares Europe ETF in the fourth quarter worth about $1,287,000.

iShares Europe ETF Stock Performance

NYSEARCA:IEV opened at $57.71 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 16.09 and a beta of 0.83. iShares Europe ETF has a one year low of $51.38 and a one year high of $59.06. The stock has a 50-day simple moving average of $54.32 and a 200 day simple moving average of $55.32.

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.