SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sets New 1-Year High – Here’s Why

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)’s share price hit a new 52-week high on Monday . The stock traded as high as $57.97 and last traded at $57.84, with a volume of 995620 shares trading hands. The stock had previously closed at $57.75.

SPDR EURO STOXX 50 ETF Stock Performance

The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 16.45 and a beta of 1.01. The firm’s 50-day moving average price is $54.96 and its two-hundred day moving average price is $52.08.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in SPDR EURO STOXX 50 ETF by 16.0% in the 1st quarter. JPMorgan Chase & Co. now owns 13,801,160 shares of the exchange traded fund’s stock valued at $750,923,000 after buying an additional 1,907,414 shares during the last quarter. Bank of America Corp DE grew its holdings in SPDR EURO STOXX 50 ETF by 189.5% during the 4th quarter. Bank of America Corp DE now owns 3,047,729 shares of the exchange traded fund’s stock worth $146,748,000 after acquiring an additional 1,994,886 shares during the period. Mainstay Capital Management LLC ADV acquired a new position in shares of SPDR EURO STOXX 50 ETF in the 1st quarter valued at $65,711,000. LPL Financial LLC lifted its stake in shares of SPDR EURO STOXX 50 ETF by 61.6% in the 4th quarter. LPL Financial LLC now owns 791,063 shares of the exchange traded fund’s stock valued at $38,090,000 after purchasing an additional 301,539 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of SPDR EURO STOXX 50 ETF by 6.1% in the 4th quarter. Deutsche Bank AG now owns 577,210 shares of the exchange traded fund’s stock worth $27,793,000 after purchasing an additional 33,270 shares during 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.