Precedent Wealth Partners LLC Lowers Stake in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)

Precedent Wealth Partners LLC lowered its holdings in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,200 shares of the exchange traded fund’s stock after selling 6,374 shares during the quarter. Precedent Wealth Partners LLC’s holdings in SPDR EURO STOXX 50 ETF were worth $1,021,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Cypress Wealth Services LLC grew its stake in shares of SPDR EURO STOXX 50 ETF by 10.5% in the 4th quarter. Cypress Wealth Services LLC now owns 5,249 shares of the exchange traded fund’s stock worth $253,000 after buying an additional 499 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in SPDR EURO STOXX 50 ETF by 1.0% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 50,249 shares of the exchange traded fund’s stock worth $2,419,000 after acquiring an additional 476 shares in the last quarter. Courier Capital LLC raised its position in SPDR EURO STOXX 50 ETF by 0.4% during the 4th quarter. Courier Capital LLC now owns 228,231 shares of the exchange traded fund’s stock valued at $10,989,000 after purchasing an additional 800 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF in the fourth quarter valued at about $673,000. Finally, JPMorgan Chase & Co. lifted its position in shares of SPDR EURO STOXX 50 ETF by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,174,372 shares of the exchange traded fund’s stock worth $594,924,000 after purchasing an additional 382,510 shares during the period.

SPDR EURO STOXX 50 ETF Price Performance

Shares of FEZ stock opened at $52.16 on Friday. The stock’s 50-day moving average is $49.08 and its 200 day moving average is $50.28. SPDR EURO STOXX 50 ETF has a 1-year low of $47.11 and a 1-year high of $54.16. The company has a market cap of $3.70 billion, a P/E ratio of 15.75 and a beta of 0.97.

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.