SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Hits New 12-Month High – Still a Buy?

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $70.16 and last traded at $69.96, with a volume of 96297 shares changing hands. The stock had previously closed at $68.98.

SPDR EURO STOXX 50 ETF Stock Up 1.2%

The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 16.43 and a beta of 0.95. The business’s 50-day moving average is $66.46 and its 200-day moving average is $65.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL raised its position in shares of SPDR EURO STOXX 50 ETF by 9.7% in the fourth quarter. Blair William & Co. IL now owns 1,755 shares of the exchange traded fund’s stock worth $113,000 after acquiring an additional 155 shares during the period. Retirement Planning Group LLC raised its position in shares of SPDR EURO STOXX 50 ETF by 0.7% in the first quarter. Retirement Planning Group LLC now owns 26,060 shares of the exchange traded fund’s stock worth $1,618,000 after acquiring an additional 190 shares during the period. MGB Wealth Management LLC raised its position in shares of SPDR EURO STOXX 50 ETF by 49.4% in the third quarter. MGB Wealth Management LLC now owns 608 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 201 shares during the period. Tandem Capital Management Corp ADV raised its position in shares of SPDR EURO STOXX 50 ETF by 6.0% in the fourth quarter. Tandem Capital Management Corp ADV now owns 3,875 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 220 shares during the period. Finally, Prospera Financial Services Inc raised its holdings in SPDR EURO STOXX 50 ETF by 1.6% in the 4th quarter. Prospera Financial Services Inc now owns 14,485 shares of the exchange traded fund’s stock worth $933,000 after purchasing an additional 233 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.