SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Reaches New 52-Week High – Still a Buy?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)’s stock price reached a new 52-week high on Friday . The company traded as high as $68.79 and last traded at $68.62, with a volume of 267913 shares. The stock had previously closed at $67.78.

SPDR EURO STOXX 50 ETF Price Performance

The business’s 50 day moving average price is $66.20 and its 200 day moving average price is $63.24. The firm has a market cap of $5.48 billion, a PE ratio of 16.43 and a beta of 1.06.

Institutional Investors Weigh In On SPDR EURO STOXX 50 ETF

A number of hedge funds have recently modified their holdings of FEZ. Blair William & Co. IL raised its position in SPDR EURO STOXX 50 ETF by 9.7% in the fourth quarter. Blair William & Co. IL now owns 1,755 shares of the exchange traded fund’s stock valued at $113,000 after purchasing an additional 155 shares during the period. Hollencrest Capital Management boosted its stake in SPDR EURO STOXX 50 ETF by 0.6% during the third quarter. Hollencrest Capital Management now owns 26,773 shares of the exchange traded fund’s stock worth $1,663,000 after buying an additional 165 shares during the period. Milestone Asset Management Group LLC boosted its stake in SPDR EURO STOXX 50 ETF by 1.6% during the second quarter. Milestone Asset Management Group LLC now owns 12,631 shares of the exchange traded fund’s stock worth $754,000 after buying an additional 198 shares during the period. MGB Wealth Management LLC increased 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 acquiring an additional 201 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its stake in shares of SPDR EURO STOXX 50 ETF by 6.0% in the 4th quarter. Tandem Capital Management Corp ADV now owns 3,875 shares of the exchange traded fund’s stock valued at $250,000 after acquiring an additional 220 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. 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.