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

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw unusually-strong trading volume on Friday . Approximately 1,918,127 shares changed hands 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 Stock Performance

The stock has a market cap of $3.54 billion, a PE ratio of 15.75 and a beta of 0.97. The stock has a fifty day simple moving average of $49.93 and a two-hundred day simple moving average of $50.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FEZ. Rothschild Investment LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF during the second quarter valued at about $25,000. Assetmark Inc. acquired a new stake in shares of SPDR EURO STOXX 50 ETF in the 3rd quarter worth approximately $42,000. Northwest Investment Counselors LLC bought a new position in shares of SPDR EURO STOXX 50 ETF in the third quarter valued at approximately $62,000. Strategic Financial Concepts LLC acquired a new position in shares of SPDR EURO STOXX 50 ETF during the second quarter valued at approximately $84,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in SPDR EURO STOXX 50 ETF during the third quarter worth approximately $99,000.

SPDR EURO STOXX 50 ETF Company 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.