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

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)’s share price hit a new 52-week high on Monday . The stock traded as high as $70.16 and last traded at $69.96, with a volume of 96297 shares changing hands. The stock had previously closed at $68.98.

SPDR EURO STOXX 50 ETF Stock Performance

The firm has a 50 day simple moving average of $66.75 and a two-hundred day simple moving average of $65.67. The stock has a market cap of $4.69 billion, a P/E ratio of 16.43 and a beta of 0.95.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

Hedge funds have recently modified their holdings of the company. Washington Growth Strategies LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 34.2% during the 4th quarter. Washington Growth Strategies LLC now owns 56,056 shares of the exchange traded fund’s stock valued at $3,609,000 after purchasing an additional 14,284 shares during the period. Level Four Advisory Services LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 33.2% during the 3rd quarter. Level Four Advisory Services LLC now owns 91,964 shares of the exchange traded fund’s stock valued at $5,713,000 after purchasing an additional 22,918 shares during the period. Merit Financial Group LLC acquired a new position in shares of SPDR EURO STOXX 50 ETF during the 4th quarter valued at $735,000. DAVENPORT & Co LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 288.6% during the 4th quarter. DAVENPORT & Co LLC now owns 13,172 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 9,782 shares during the period. Finally, Citigroup Inc. increased its position in shares of SPDR EURO STOXX 50 ETF by 173.3% during the 3rd quarter. Citigroup Inc. now owns 285,296 shares of the exchange traded fund’s stock valued at $17,723,000 after purchasing an additional 180,896 shares during the period.

About SPDR EURO STOXX 50 ETF

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.