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

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $70.55 and last traded at $70.55, with a volume of 309502 shares traded. The stock had previously closed at $69.77.

SPDR EURO STOXX 50 ETF Stock Performance

The stock has a market capitalization of $4.51 billion, a P/E ratio of 16.43 and a beta of 0.95. The stock’s fifty day simple moving average is $68.35 and its two-hundred day simple moving average is $66.60.

Institutional Trading of SPDR EURO STOXX 50 ETF

A number of large investors have recently bought and sold shares of FEZ. Revolve Wealth Partners LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF during the 2nd quarter valued at about $402,000. Western Wealth Management LLC increased its holdings in SPDR EURO STOXX 50 ETF by 2.8% in the first quarter. Western Wealth Management LLC now owns 11,568 shares of the exchange traded fund’s stock worth $718,000 after purchasing an additional 313 shares in the last quarter. Rathbones Group PLC increased its holdings in SPDR EURO STOXX 50 ETF by 9.6% in the first quarter. Rathbones Group PLC now owns 26,594 shares of the exchange traded fund’s stock worth $1,651,000 after purchasing an additional 2,319 shares in the last quarter. Norris Financial Group LLC acquired a new position in SPDR EURO STOXX 50 ETF in the first quarter valued at approximately $541,000. Finally, Bank of America Corp DE lifted its stake in SPDR EURO STOXX 50 ETF by 6.9% in the first quarter. Bank of America Corp DE now owns 3,386,174 shares of the exchange traded fund’s stock valued at $210,214,000 after buying an additional 218,954 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.