SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw unusually-high trading volume on Wednesday . Approximately 5,615,828 shares were traded during mid-day trading, an increase of 291% from the previous session’s volume of 1,435,694 shares.The stock last traded at $57.17 and had previously closed at $55.28.

SPDR EURO STOXX 50 ETF Stock Performance

The company’s 50-day moving average price is $51.72 and its two-hundred day moving average price is $50.98. The stock has a market cap of $4.08 billion, a PE ratio of 17.86 and a beta of 1.09.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. MinichMacGregor Wealth Management LLC boosted its holdings in SPDR EURO STOXX 50 ETF by 0.8% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 248,600 shares of the exchange traded fund’s stock valued at $13,235,000 after acquiring an additional 1,960 shares during the period. Assetmark Inc. purchased a new stake in shares of SPDR EURO STOXX 50 ETF during the third quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of SPDR EURO STOXX 50 ETF by 8.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,531 shares of the exchange traded fund’s stock worth $188,000 after purchasing an additional 281 shares during the last quarter. Private Wealth Advisors LLC increased its stake in shares of SPDR EURO STOXX 50 ETF by 7.9% in the third quarter. Private Wealth Advisors LLC now owns 137,453 shares of the exchange traded fund’s stock worth $7,204,000 after buying an additional 10,076 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in SPDR EURO STOXX 50 ETF by 46.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,328 shares of the exchange traded fund’s stock valued at $390,000 after buying an additional 2,323 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.