SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw unusually-strong trading volume on Friday . Approximately 847,674 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 958,702 shares.The stock last traded at $47.93 and had previously closed at $47.66.

SPDR EURO STOXX 50 ETF Stock Performance

The stock’s fifty day simple moving average is $48.98 and its two-hundred day simple moving average is $50.36. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.75 and a beta of 0.97.

Institutional Investors Weigh In On SPDR EURO STOXX 50 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in SPDR EURO STOXX 50 ETF during the 2nd quarter worth about $25,000. Commonwealth Equity Services LLC raised its holdings in shares of SPDR EURO STOXX 50 ETF by 7.7% during the second quarter. Commonwealth Equity Services LLC now owns 35,749 shares of the exchange traded fund’s stock valued at $1,789,000 after acquiring an additional 2,550 shares during the period. National Bank of Canada FI lifted its position in shares of SPDR EURO STOXX 50 ETF by 1,010.4% in the 2nd quarter. National Bank of Canada FI now owns 107,727 shares of the exchange traded fund’s stock valued at $5,449,000 after acquiring an additional 98,025 shares in the last quarter. Private Advisor Group LLC boosted its stake in SPDR EURO STOXX 50 ETF by 61.6% in the 2nd quarter. Private Advisor Group LLC now owns 135,105 shares of the exchange traded fund’s stock worth $6,759,000 after purchasing an additional 51,477 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in SPDR EURO STOXX 50 ETF during the 2nd quarter worth approximately $84,000.

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.