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

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) shares saw unusually-strong trading volume on Wednesday . Approximately 5,615,828 shares traded hands during 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 Trading Up 1.2 %

The stock’s fifty day simple moving average is $52.22 and its 200 day simple moving average is $51.10. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 17.86 and a beta of 1.09.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. purchased a new position in shares of SPDR EURO STOXX 50 ETF in the 3rd quarter valued at about $42,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings 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 worth $188,000 after purchasing an additional 281 shares in the last quarter. Private Wealth Advisors LLC lifted its holdings in shares of SPDR EURO STOXX 50 ETF by 7.9% in the 3rd quarter. Private Wealth Advisors LLC now owns 137,453 shares of the exchange traded fund’s stock valued at $7,204,000 after buying an additional 10,076 shares during the period. OneDigital Investment Advisors LLC grew its position in SPDR EURO STOXX 50 ETF by 46.4% during the third quarter. OneDigital Investment Advisors LLC now owns 7,328 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 2,323 shares during the period. Finally, Flagstar Advisors Inc. acquired a new stake in SPDR EURO STOXX 50 ETF in the third quarter valued at $201,000.

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.