Independent Advisor Alliance Acquires New Holdings in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)

Independent Advisor Alliance bought a new position in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,357 shares of the exchange traded fund’s stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FEZ. JPMorgan Chase & Co. increased its stake in shares of 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 worth $594,924,000 after purchasing an additional 382,510 shares during the period. Proficio Capital Partners LLC increased its position in SPDR EURO STOXX 50 ETF by 4,715.0% in the 4th quarter. Proficio Capital Partners LLC now owns 209,693 shares of the exchange traded fund’s stock worth $10,097,000 after buying an additional 205,338 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in shares of SPDR EURO STOXX 50 ETF during the fourth quarter worth approximately $8,247,000. Strategic Financial Concepts LLC acquired a new position in shares of SPDR EURO STOXX 50 ETF during the fourth quarter worth approximately $7,535,000. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF in the fourth quarter valued at approximately $4,326,000.

SPDR EURO STOXX 50 ETF Trading Up 0.4 %

Shares of FEZ stock opened at $57.35 on Wednesday. The firm has a market capitalization of $4.56 billion, a P/E ratio of 18.37 and a beta of 1.09. SPDR EURO STOXX 50 ETF has a 1 year low of $47.11 and a 1 year high of $57.49. The firm’s fifty day simple moving average is $53.31 and its 200 day simple moving average is $51.28.

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.