ETFs

Horst & Graben Wealth Management LLC Increases Holdings in iShares Europe ETF

Published October 22, 2024

Horst & Graben Wealth Management LLC has significantly increased its investment in the iShares Europe ETF (NYSEARCA:IEV). According to reports from Holdings Channel, the firm boosted its stake by an impressive 181.2% during the third quarter of the year. As a result of this boost, the institutional investor now owns a total of 10,928 shares of the ETF after acquiring an additional 7,042 shares in the recent period. The value of Horst & Graben's holdings in iShares Europe ETF was reported to be approximately $637,000 based on the latest filing with the SEC.

Other large institutional investors have also made moves regarding their stakes in the iShares Europe ETF. For instance, Ashton Thomas Private Wealth LLC took a new position in the ETF during the second quarter, investing around $27,000. Meanwhile, Mather Group LLC acquired a new stake valued at about $53,000 in the first quarter. Rothschild Investment LLC also entered the market during the second quarter, investing approximately $84,000. In the first quarter, Cetera Advisors LLC purchased shares worth about $210,000, and Cyndeo Wealth Partners LLC joined in the buying trend during the third quarter with a new investment of about $211,000.

Current Status of iShares Europe ETF

As of Tuesday, the iShares Europe ETF opened at $56.42. The fund holds a market capitalization of $1.72 billion and has a price-to-earnings ratio of 16.09, alongside a beta of 0.83. The ETF's 50-day moving average price is recorded at $57.13, while its 200-day moving average price is $56.18. In terms of performance, iShares Europe ETF has seen a 52-week low of $45.43 and a high of $59.06.

About iShares Europe ETF

The iShares Europe ETF, previously named the iShares S&P Europe 350 Index Fund, aims to provide investment results that correspond to the performance of the S&P Europe 350 Index. This index measures the stock performance of companies located in several European countries, including Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

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For those interested in seeing the latest holdings and trades related to iShares Europe ETF, visit HoldingsChannel.com.

Conclusion

In summary, Horst & Graben Wealth Management LLC has made a substantial investment in the iShares Europe ETF, reflecting growing confidence in the potential of European markets. As institutional interest continues to rise, it will be important for investors to monitor the performance and market conditions affecting the ETF.

iShares, ETF, Investment