SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw unusually-strong trading volume on Friday . Approximately 1,918,127 shares were traded during trading, an increase of 54% from the previous session’s volume of 1,244,421 shares.The stock last traded at $49.79 and had previously closed at $49.58.

SPDR EURO STOXX 50 ETF Price Performance

The stock has a 50-day moving average price of $49.88 and a two-hundred day moving average price of $50.77. The stock has a market cap of $3.53 billion, a PE ratio of 15.75 and a beta of 0.97.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in SPDR EURO STOXX 50 ETF by 8.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,531 shares of the exchange traded fund’s stock valued at $188,000 after purchasing an additional 281 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of SPDR EURO STOXX 50 ETF by 9.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,504 shares of the exchange traded fund’s stock valued at $240,000 after buying an additional 400 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of SPDR EURO STOXX 50 ETF by 10.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,324 shares of the exchange traded fund’s stock valued at $216,000 after acquiring an additional 417 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in SPDR EURO STOXX 50 ETF by 10.9% in the third quarter. Orion Portfolio Solutions LLC now owns 4,510 shares of the exchange traded fund’s stock worth $240,000 after acquiring an additional 445 shares in the last quarter. Finally, GM Advisory Group LLC grew its position in SPDR EURO STOXX 50 ETF by 2.1% in the second quarter. GM Advisory Group LLC now owns 21,349 shares of the exchange traded fund’s stock worth $1,068,000 after acquiring an additional 446 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.