Fortress Financial Solutions LLC Makes New $827,000 Investment in SPDR EURO STOXX 50 ETF $FEZ

Fortress Financial Solutions LLC acquired a new stake in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,284 shares of the exchange traded fund’s stock, valued at approximately $827,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Enhancement Group LLC lifted its holdings in SPDR EURO STOXX 50 ETF by 2.5% in the third quarter. Financial Enhancement Group LLC now owns 132,978 shares of the exchange traded fund’s stock worth $8,750,000 after purchasing an additional 3,240 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in SPDR EURO STOXX 50 ETF during the 3rd quarter valued at about $1,131,000. Envestnet Asset Management Inc. increased its stake in SPDR EURO STOXX 50 ETF by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,974 shares of the exchange traded fund’s stock valued at $15,520,000 after buying an additional 20,852 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF during the 2nd quarter worth about $251,000. Finally, Revolve Wealth Partners LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF during the 2nd quarter worth about $402,000.

SPDR EURO STOXX 50 ETF Stock Performance

Shares of FEZ stock traded down $0.40 during midday trading on Wednesday, reaching $65.37. 788,509 shares of the company were exchanged, compared to its average volume of 1,694,744. The company’s 50 day moving average price is $69.52 and its two-hundred day moving average price is $67.88. The company has a market cap of $4.13 billion, a P/E ratio of 16.43 and a beta of 0.95. SPDR EURO STOXX 50 ETF has a 12 month low of $59.56 and a 12 month high of $72.36.

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.