SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sets New 12-Month High – What’s Next?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) hit a new 52-week high during trading on Tuesday . The company traded as high as $72.13 and last traded at $72.13, with a volume of 21042 shares trading hands. The stock had previously closed at $71.70.

SPDR EURO STOXX 50 ETF Trading Up 0.6%

The firm has a 50-day simple moving average of $68.63 and a two-hundred day simple moving average of $66.75. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 16.43 and a beta of 0.95.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in SPDR EURO STOXX 50 ETF by 39.1% during the first quarter. NewEdge Advisors LLC now owns 5,906 shares of the exchange traded fund’s stock valued at $321,000 after acquiring an additional 1,659 shares in the last quarter. Empowered Funds LLC bought a new stake in SPDR EURO STOXX 50 ETF in the first quarter worth approximately $3,006,000. Franklin Resources Inc. increased its stake in shares of SPDR EURO STOXX 50 ETF by 224.1% during the 2nd quarter. Franklin Resources Inc. now owns 875 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 605 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of SPDR EURO STOXX 50 ETF by 43.4% during the 2nd quarter. Hsbc Holdings PLC now owns 6,802 shares of the exchange traded fund’s stock worth $406,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Amundi increased its stake in shares of SPDR EURO STOXX 50 ETF by 54.2% during the 2nd quarter. Amundi now owns 120,470 shares of the exchange traded fund’s stock worth $7,232,000 after purchasing an additional 42,322 shares during 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.