Strategic Financial Concepts LLC Makes New Investment in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)

Strategic Financial Concepts LLC purchased a new stake in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) in the 4th quarter, HoldingsChannel reports. The fund purchased 156,497 shares of the exchange traded fund’s stock, valued at approximately $7,535,000.

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in SPDR EURO STOXX 50 ETF by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 11,174,372 shares of the exchange traded fund’s stock valued at $594,924,000 after acquiring an additional 382,510 shares during the last quarter. Sumitomo Life Insurance Co. lifted 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 during the period. Cibc World Market Inc. boosted its stake in shares of SPDR EURO STOXX 50 ETF by 3.6% in the 4th quarter. Cibc World Market Inc. now owns 360,587 shares of the exchange traded fund’s stock valued at $17,362,000 after purchasing an additional 12,462 shares during the last quarter. MinichMacGregor Wealth Management LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 0.8% during the third quarter. MinichMacGregor Wealth Management LLC now owns 248,600 shares of the exchange traded fund’s stock worth $13,235,000 after buying an additional 1,960 shares during the period. Finally, Courier Capital LLC raised its stake in SPDR EURO STOXX 50 ETF by 0.4% during the fourth quarter. Courier Capital LLC now owns 228,231 shares of the exchange traded fund’s stock worth $10,989,000 after buying an additional 800 shares during the last quarter.

SPDR EURO STOXX 50 ETF Stock Up 0.7 %

FEZ stock opened at $55.03 on Friday. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 15.75 and a beta of 0.97. The company’s fifty day simple moving average is $50.40 and its 200 day simple moving average is $50.50. SPDR EURO STOXX 50 ETF has a 12-month low of $47.11 and a 12-month high of $55.44.

SPDR EURO STOXX 50 ETF 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.