SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Hits New 1-Year High – Time to Buy?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.47 and last traded at $57.43, with a volume of 1114587 shares traded. The stock had previously closed at $57.13.

SPDR EURO STOXX 50 ETF Stock Performance

The business has a 50-day moving average of $53.15 and a 200 day moving average of $51.25. The stock has a market cap of $4.56 billion, a PE ratio of 18.37 and a beta of 1.09.

Institutional Trading of SPDR EURO STOXX 50 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new stake in SPDR EURO STOXX 50 ETF during the 3rd quarter worth approximately $42,000. OneDigital Investment Advisors LLC boosted its stake in SPDR EURO STOXX 50 ETF by 46.4% in the third quarter. OneDigital Investment Advisors LLC now owns 7,328 shares of the exchange traded fund’s stock valued at $390,000 after acquiring an additional 2,323 shares during the period. Flagstar Advisors Inc. bought a new stake in SPDR EURO STOXX 50 ETF during the 3rd quarter valued at $201,000. Kingsview Wealth Management LLC boosted its position in SPDR EURO STOXX 50 ETF by 9.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,504 shares of the exchange traded fund’s stock worth $240,000 after acquiring an additional 400 shares during the period. Finally, FMR LLC raised its stake in shares of SPDR EURO STOXX 50 ETF by 9.2% during the third quarter. FMR LLC now owns 6,222 shares of the exchange traded fund’s stock valued at $331,000 after purchasing an additional 523 shares in the last quarter.

About SPDR EURO STOXX 50 ETF

SPDR EURO STOXX 50 ETF (the Fund) seeks to replicate as closely as possible the price and yield of the EURO STOXX 50 Index (the Index). The Index is designed to represent the performance of some of the companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index.