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

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $60.32 and last traded at $59.96, with a volume of 626994 shares changing hands. The stock had previously closed at $59.93.

SPDR EURO STOXX 50 ETF Stock Up 0.4%

The firm has a market capitalization of $4.68 billion, a PE ratio of 17.37 and a beta of 1.06. The stock has a 50-day moving average price of $56.24 and a 200 day moving average price of $53.38.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEZ. Geneos Wealth Management Inc. lifted its stake in shares of SPDR EURO STOXX 50 ETF by 32.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 540 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in SPDR EURO STOXX 50 ETF in the 1st quarter valued at about $2,019,000. Focus Partners Wealth raised its position in SPDR EURO STOXX 50 ETF by 12.0% in the 1st quarter. Focus Partners Wealth now owns 27,936 shares of the exchange traded fund’s stock valued at $1,520,000 after purchasing an additional 2,992 shares in the last quarter. Integrity Alliance LLC. purchased a new position in shares of SPDR EURO STOXX 50 ETF in the 1st quarter valued at about $675,000. Finally, Game Plan Financial Advisors LLC increased its holdings in shares of SPDR EURO STOXX 50 ETF by 4,545.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 3,066 shares of the exchange traded fund’s stock valued at $167,000 after acquiring an additional 3,000 shares during the last quarter.

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.