3EDGE Asset Management LP Increases Stock Position in SPDR EURO STOXX 50 ETF $FEZ

3EDGE Asset Management LP boosted its stake in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) by 84.9% in the third quarter, Holdings Channel reports. The institutional investor owned 42,944 shares of the exchange traded fund’s stock after acquiring an additional 19,718 shares during the period. 3EDGE Asset Management LP’s holdings in SPDR EURO STOXX 50 ETF were worth $2,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in SPDR EURO STOXX 50 ETF by 39.1% in the first quarter. NewEdge Advisors LLC now owns 5,906 shares of the exchange traded fund’s stock valued at $321,000 after purchasing an additional 1,659 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF in the 1st quarter valued at about $3,006,000. Wealth Enhancement Advisory Services LLC grew its position in shares of SPDR EURO STOXX 50 ETF by 6.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,908 shares of the exchange traded fund’s stock worth $1,253,000 after buying an additional 1,347 shares during the last quarter. Retirement Guys Formula LLC bought a new position in shares of SPDR EURO STOXX 50 ETF during the 2nd quarter worth approximately $5,158,000. Finally, Magnus Financial Group LLC bought a new position in shares of SPDR EURO STOXX 50 ETF during the 2nd quarter worth approximately $369,000.

SPDR EURO STOXX 50 ETF Price Performance

SPDR EURO STOXX 50 ETF stock opened at $66.36 on Friday. SPDR EURO STOXX 50 ETF has a 1-year low of $47.63 and a 1-year high of $67.01. The business has a fifty day moving average price of $64.30 and a 200-day moving average price of $62.14. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 16.43 and a beta of 1.06.

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. The EURO STOXX Index is a broad liquid subset of the STOXX Europe 600 Index. The Index captures approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries.