SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sets New 1-Year High – Here’s Why

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 $69.38 and last traded at $69.34, with a volume of 960634 shares. The stock had previously closed at $68.64.

SPDR EURO STOXX 50 ETF Price Performance

The firm has a 50-day moving average of $66.73 and a 200 day moving average of $63.66. The company has a market capitalization of $5.48 billion, a PE ratio of 16.43 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in SPDR EURO STOXX 50 ETF by 39.1% in the 1st quarter. NewEdge Advisors LLC now owns 5,906 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 1,659 shares during the period. Empowered Funds LLC purchased a new stake in SPDR EURO STOXX 50 ETF during the first quarter valued at $3,006,000. D.A. Davidson & CO. bought a new position in SPDR EURO STOXX 50 ETF in the second quarter valued at about $206,000. Wealthfront Advisers LLC boosted its position in SPDR EURO STOXX 50 ETF by 56.7% in the second quarter. Wealthfront Advisers LLC now owns 12,873 shares of the exchange traded fund’s stock worth $769,000 after purchasing an additional 4,658 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of SPDR EURO STOXX 50 ETF by 3.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 17,949 shares of the exchange traded fund’s stock valued at $1,072,000 after purchasing an additional 653 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.