Royal Bank of Canada Cuts Stake in iShares Europe ETF $IEV

Royal Bank of Canada reduced its holdings in shares of iShares Europe ETF (NYSEARCA:IEV) by 25.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,144 shares of the company’s stock after selling 104,586 shares during the period. Royal Bank of Canada owned about 1.25% of iShares Europe ETF worth $20,324,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IEV. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Europe ETF by 3,397.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 789,809 shares of the company’s stock worth $54,181,000 after purchasing an additional 767,229 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iShares Europe ETF by 4.6% in the 3rd quarter. Bank of America Corp DE now owns 472,737 shares of the company’s stock valued at $30,955,000 after acquiring an additional 20,869 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of iShares Europe ETF by 7.2% in the 4th quarter. Wells Fargo & Company MN now owns 462,135 shares of the company’s stock valued at $31,702,000 after acquiring an additional 31,213 shares during the last quarter. Jane Street Group LLC boosted its holdings in iShares Europe ETF by 121.3% during the 2nd quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after acquiring an additional 196,368 shares during the period. Finally, Checchi Capital Advisers LLC boosted its holdings in iShares Europe ETF by 377.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 258,074 shares of the company’s stock valued at $17,534,000 after acquiring an additional 203,995 shares during the period.

iShares Europe ETF Price Performance

IEV opened at $75.28 on Thursday. The stock’s 50 day simple moving average is $72.85 and its 200 day simple moving average is $71.67. iShares Europe ETF has a 1 year low of $62.26 and a 1 year high of $75.52. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 16.48 and a beta of 0.81.

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.