CIBC Asset Management Inc Sells 18,099 Shares of iShares Europe ETF $IEV

CIBC Asset Management Inc decreased its holdings in shares of iShares Europe ETF (NYSEARCA:IEV) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,238 shares of the company’s stock after selling 18,099 shares during the period. CIBC Asset Management Inc’s holdings in iShares Europe ETF were worth $2,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IEV. Baird Financial Group Inc. lifted its stake in iShares Europe ETF by 25.2% during the second quarter. Baird Financial Group Inc. now owns 17,565 shares of the company’s stock worth $1,111,000 after purchasing an additional 3,532 shares during the period. Cresset Asset Management LLC lifted its stake in iShares Europe ETF by 116.6% during the second quarter. Cresset Asset Management LLC now owns 12,344 shares of the company’s stock worth $781,000 after purchasing an additional 6,646 shares during the period. NewEdge Advisors LLC lifted its stake in iShares Europe ETF by 11.0% during the second quarter. NewEdge Advisors LLC now owns 74,036 shares of the company’s stock worth $4,683,000 after purchasing an additional 7,308 shares during the period. Quantinno Capital Management LP bought a new position in iShares Europe ETF during the second quarter worth about $683,000. Finally, Raymond James Financial Inc. lifted its stake in iShares Europe ETF by 21.9% during the second quarter. Raymond James Financial Inc. now owns 31,993 shares of the company’s stock worth $2,024,000 after purchasing an additional 5,754 shares during the period.

iShares Europe ETF Price Performance

Shares of IEV opened at $71.57 on Monday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 16.48 and a beta of 0.81. iShares Europe ETF has a 12 month low of $60.72 and a 12 month high of $74.45. The company has a 50-day moving average price of $71.32 and a two-hundred day moving average price of $70.21.

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.