SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sets New 52-Week High – Should You Buy?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) reached a new 52-week high on Thursday . The stock traded as high as $69.38 and last traded at $69.34, with a volume of 960634 shares. The stock had previously closed at $68.64.

SPDR EURO STOXX 50 ETF Stock Performance

The stock has a market cap of $5.54 billion, a P/E ratio of 16.43 and a beta of 1.06. The firm has a 50 day moving average of $66.56 and a two-hundred day moving average of $63.55.

Institutional Investors Weigh In On SPDR EURO STOXX 50 ETF

Several hedge funds and other institutional investors have recently modified their holdings of FEZ. Ameriflex Group Inc. acquired a new position in SPDR EURO STOXX 50 ETF during the 4th quarter valued at $26,000. Hyposwiss Advisors SA acquired a new stake in SPDR EURO STOXX 50 ETF in the 4th quarter worth $38,000. Y.D. More Investments Ltd increased its holdings in shares of SPDR EURO STOXX 50 ETF by 200.0% during the 3rd quarter. Y.D. More Investments Ltd now owns 600 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 400 shares during the period. MGB Wealth Management LLC raised its position in shares of SPDR EURO STOXX 50 ETF by 49.4% during the third quarter. MGB Wealth Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 201 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR EURO STOXX 50 ETF during the fourth quarter valued at about $51,000.

SPDR EURO STOXX 50 ETF Company Profile

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. The EURO STOXX Index is a broad liquid subset of the STOXX Europe 600 Index. The Index captures approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries.