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

Shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) reached a new 52-week high on Monday . The company traded as high as $59.34 and last traded at $59.21, with a volume of 377267 shares. The stock had previously closed at $58.80.

SPDR EURO STOXX 50 ETF Stock Up 1.1%

The business’s fifty day simple moving average is $55.16 and its two-hundred day simple moving average is $52.35. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 16.70 and a beta of 1.07.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

A number of institutional investors have recently modified their holdings of FEZ. Bank of America Corp DE increased its stake in SPDR EURO STOXX 50 ETF by 189.5% in the 4th quarter. Bank of America Corp DE now owns 3,047,729 shares of the exchange traded fund’s stock valued at $146,748,000 after buying an additional 1,994,886 shares during the period. JPMorgan Chase & Co. increased its stake 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 period. Mainstay Capital Management LLC ADV acquired a new position in SPDR EURO STOXX 50 ETF in the 1st quarter valued at $65,711,000. Prudential PLC increased its stake in SPDR EURO STOXX 50 ETF by 2,219.3% in the 1st quarter. Prudential PLC now owns 888,164 shares of the exchange traded fund’s stock valued at $48,325,000 after buying an additional 849,870 shares during the period. Finally, OLD Mission Capital LLC increased its stake in SPDR EURO STOXX 50 ETF by 1,958.4% in the 1st quarter. OLD Mission Capital LLC now owns 585,390 shares of the exchange traded fund’s stock valued at $31,851,000 after buying an additional 616,890 shares during the period.

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.