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

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw unusually-high trading volume on Wednesday . Approximately 5,615,828 shares were traded 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 3.2 %

The company’s fifty day simple moving average is $51.72 and its 200 day simple moving average is $50.98. The firm has a market capitalization of $4.08 billion, a P/E ratio of 17.86 and a beta of 1.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of SPDR EURO STOXX 50 ETF by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 11,893,746 shares of the exchange traded fund’s stock worth $572,684,000 after acquiring an additional 719,374 shares in the last quarter. Bank of America Corp DE increased its stake in shares of SPDR EURO STOXX 50 ETF by 189.5% during the fourth quarter. Bank of America Corp DE now owns 3,047,729 shares of the exchange traded fund’s stock valued at $146,748,000 after purchasing an additional 1,994,886 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of SPDR EURO STOXX 50 ETF by 61.6% during the fourth quarter. LPL Financial LLC now owns 791,063 shares of the exchange traded fund’s stock valued at $38,090,000 after purchasing an additional 301,539 shares during the last quarter. Deutsche Bank AG boosted its position in shares of SPDR EURO STOXX 50 ETF by 6.1% in the 4th quarter. Deutsche Bank AG now owns 577,210 shares of the exchange traded fund’s stock worth $27,793,000 after purchasing an additional 33,270 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in shares of SPDR EURO STOXX 50 ETF by 19.5% in the 4th quarter. Sumitomo Life Insurance Co. now owns 382,200 shares of the exchange traded fund’s stock worth $18,403,000 after purchasing an additional 62,400 shares in the last quarter.

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.