SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Hits New 12-Month High – Should You Buy?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.23 and last traded at $54.17, with a volume of 2555274 shares. The stock had previously closed at $53.46.

SPDR EURO STOXX 50 ETF Stock Performance

The firm has a market cap of $3.83 billion, a P/E ratio of 15.75 and a beta of 0.97. The firm’s fifty day moving average is $50.11 and its 200 day moving average is $50.40.

Institutional Trading of SPDR EURO STOXX 50 ETF

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in SPDR EURO STOXX 50 ETF by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 11,893,746 shares of the exchange traded fund’s stock valued at $572,684,000 after buying an additional 719,374 shares in the last quarter. PKS Advisory Services LLC acquired a new stake in shares of SPDR EURO STOXX 50 ETF during the fourth quarter worth $1,722,000. LPL Financial LLC boosted its position in shares of SPDR EURO STOXX 50 ETF by 61.6% in the fourth quarter. LPL Financial LLC now owns 791,063 shares of the exchange traded fund’s stock valued at $38,090,000 after acquiring an additional 301,539 shares during the period. Simplex Trading LLC acquired a new position in shares of SPDR EURO STOXX 50 ETF in the fourth quarter valued at about $262,000. Finally, Forefront Wealth Management Inc. acquired a new position in shares of SPDR EURO STOXX 50 ETF in the fourth quarter valued at about $2,003,000.

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.