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

Shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) reached a new 52-week high on Tuesday . The stock traded as high as $65.06 and last traded at $64.95, with a volume of 606662 shares trading hands. The stock had previously closed at $64.32.

SPDR EURO STOXX 50 ETF Stock Performance

The company has a market capitalization of $4.90 billion, a P/E ratio of 16.43 and a beta of 1.06. The company’s fifty day simple moving average is $63.23 and its 200-day simple moving average is $61.32.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

A number of large investors have recently bought and sold shares of FEZ. Hollencrest Capital Management boosted its position in SPDR EURO STOXX 50 ETF by 0.6% during the 3rd quarter. Hollencrest Capital Management now owns 26,773 shares of the exchange traded fund’s stock valued at $1,663,000 after acquiring an additional 165 shares in the last quarter. Milestone Asset Management Group LLC grew its stake in SPDR EURO STOXX 50 ETF by 1.6% in the second quarter. Milestone Asset Management Group LLC now owns 12,631 shares of the exchange traded fund’s stock valued at $754,000 after purchasing an additional 198 shares during the last quarter. MGB Wealth Management LLC raised its holdings in SPDR EURO STOXX 50 ETF by 49.4% in the third quarter. MGB Wealth Management LLC now owns 608 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 201 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of SPDR EURO STOXX 50 ETF by 1.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,130 shares of the exchange traded fund’s stock valued at $1,319,000 after buying an additional 222 shares during the last quarter. Finally, Fifth Third Securities Inc. boosted its holdings in shares of SPDR EURO STOXX 50 ETF by 5.1% in the 3rd quarter. Fifth Third Securities Inc. now owns 4,674 shares of the exchange traded fund’s stock valued at $290,000 after buying an additional 226 shares in the last quarter.

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.