SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sets New 12-Month High – What’s Next?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) hit a new 52-week high during trading on Tuesday . The company traded as high as $72.13 and last traded at $72.13, with a volume of 21042 shares. The stock had previously closed at $71.70.

SPDR EURO STOXX 50 ETF Trading Up 0.6%

The company has a market cap of $4.57 billion, a price-to-earnings ratio of 16.43 and a beta of 0.95. The business has a fifty day moving average price of $68.63 and a two-hundred day moving average price of $66.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in SPDR EURO STOXX 50 ETF by 10.5% in the 4th quarter. JPMorgan Chase & Co. now owns 8,766,780 shares of the exchange traded fund’s stock worth $564,493,000 after buying an additional 833,784 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR EURO STOXX 50 ETF by 6.9% during the 1st 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 acquiring an additional 218,954 shares in the last quarter. 1607 Capital Partners LLC increased its stake in shares of SPDR EURO STOXX 50 ETF by 215.4% in the fourth quarter. 1607 Capital Partners LLC now owns 2,688,253 shares of the exchange traded fund’s stock worth $173,097,000 after acquiring an additional 1,835,855 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of SPDR EURO STOXX 50 ETF by 40.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,432,911 shares of the exchange traded fund’s stock worth $92,265,000 after acquiring an additional 411,606 shares during the last quarter. Finally, Prudential PLC raised its holdings in shares of SPDR EURO STOXX 50 ETF by 86.7% during the fourth quarter. Prudential PLC now owns 1,224,300 shares of the exchange traded fund’s stock worth $78,833,000 after acquiring an additional 568,600 shares in 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. 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.