Ridgeline Wealth LLC Purchases Shares of 24,719 iShares Europe ETF (NYSEARCA:IEV)

Ridgeline Wealth LLC acquired a new position in iShares Europe ETF (NYSEARCA:IEV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,719 shares of the company’s stock, valued at approximately $1,287,000. iShares Europe ETF makes up approximately 1.0% of Ridgeline Wealth LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Axiom Advisory LLC raised its holdings in iShares Europe ETF by 3.9% during the third quarter. Axiom Advisory LLC now owns 5,440 shares of the company’s stock valued at $305,000 after acquiring an additional 204 shares during the period. Cohen Capital Management Inc. lifted its holdings in iShares Europe ETF by 4.7% in the 3rd quarter. Cohen Capital Management Inc. now owns 6,285 shares of the company’s stock worth $366,000 after purchasing an additional 283 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in iShares Europe ETF by 1.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 27,339 shares of the company’s stock worth $1,497,000 after purchasing an additional 301 shares during the period. Affinity Capital Advisors LLC grew its holdings in iShares Europe ETF by 1.5% during the 3rd quarter. Affinity Capital Advisors LLC now owns 22,260 shares of the company’s stock valued at $1,297,000 after buying an additional 335 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in iShares Europe ETF during the 3rd quarter valued at approximately $28,000.

iShares Europe ETF Price Performance

Shares of IEV stock traded up $0.56 during mid-day trading on Monday, hitting $52.75. The company had a trading volume of 161,650 shares, compared to its average volume of 266,883. The company has a market capitalization of $1.61 billion, a P/E ratio of 16.09 and a beta of 0.83. The stock’s 50 day moving average price is $53.67 and its 200-day moving average price is $55.38. iShares Europe ETF has a 52-week low of $50.45 and a 52-week high of $59.06.

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.