SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Reaches New 52-Week High – What’s Next?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $65.06 and last traded at $64.95, with a volume of 606662 shares changing hands. The stock had previously closed at $64.32.

SPDR EURO STOXX 50 ETF Price Performance

The stock has a market cap of $4.90 billion, a P/E ratio of 16.43 and a beta of 1.06. The stock’s 50-day moving average is $63.23 and its two-hundred day moving average is $61.32.

Institutional Investors Weigh In On SPDR EURO STOXX 50 ETF

Large investors have recently made changes to their positions in the company. Mainstay Capital Management LLC ADV grew its holdings in SPDR EURO STOXX 50 ETF by 244.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 4,158,074 shares of the exchange traded fund’s stock valued at $248,362,000 after buying an additional 2,950,372 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in SPDR EURO STOXX 50 ETF by 1,171.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,483,102 shares of the exchange traded fund’s stock valued at $88,586,000 after purchasing an additional 1,366,460 shares in the last quarter. Prudential PLC lifted its position in SPDR EURO STOXX 50 ETF by 28.4% during the second quarter. Prudential PLC now owns 1,140,164 shares of the exchange traded fund’s stock valued at $68,102,000 after purchasing an additional 252,000 shares during the last quarter. 1607 Capital Partners LLC grew its stake in shares of SPDR EURO STOXX 50 ETF by 1,072.1% in the 3rd quarter. 1607 Capital Partners LLC now owns 852,398 shares of the exchange traded fund’s stock worth $52,951,000 after buying an additional 779,675 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of SPDR EURO STOXX 50 ETF by 14.7% in the 3rd quarter. Alliancebernstein L.P. now owns 809,517 shares of the exchange traded fund’s stock worth $50,287,000 after buying an additional 103,798 shares during the last quarter.

SPDR EURO STOXX 50 ETF Company Profile

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.