Financial Enhancement Group LLC Lowers Stake in SPDR EURO STOXX 50 ETF $FEZ

Financial Enhancement Group LLC reduced its position in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) by 14.3% in the second quarter, HoldingsChannel.com reports. The firm owned 129,738 shares of the exchange traded fund’s stock after selling 21,635 shares during the period. Financial Enhancement Group LLC’s holdings in SPDR EURO STOXX 50 ETF were worth $8,910,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in shares of SPDR EURO STOXX 50 ETF in the first quarter worth $26,000. Assetmark Inc. lifted its stake in shares of SPDR EURO STOXX 50 ETF by 222.7% during the 1st quarter. Assetmark Inc. now owns 426 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 294 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of SPDR EURO STOXX 50 ETF during the 4th quarter valued at $26,000. Hyposwiss Advisors SA bought a new position in SPDR EURO STOXX 50 ETF in the 4th quarter worth $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR EURO STOXX 50 ETF in the 4th quarter worth $51,000.

SPDR EURO STOXX 50 ETF Stock Performance

Shares of FEZ stock opened at $71.35 on Wednesday. SPDR EURO STOXX 50 ETF has a 52-week low of $57.71 and a 52-week high of $71.41. The firm has a market capitalization of $4.52 billion, a PE ratio of 16.43 and a beta of 0.95. The stock has a fifty day simple moving average of $68.35 and a two-hundred day simple moving average of $66.60.

SPDR EURO STOXX 50 ETF 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.