Sumitomo Life Insurance Co. Trims Stock Position in SPDR EURO STOXX 50 ETF $FEZ

Sumitomo Life Insurance Co. lowered its holdings in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 236,100 shares of the exchange traded fund’s stock after selling 12,500 shares during the quarter. SPDR EURO STOXX 50 ETF makes up approximately 1.0% of Sumitomo Life Insurance Co.’s holdings, making the stock its 18th biggest position. Sumitomo Life Insurance Co. owned about 0.29% of SPDR EURO STOXX 50 ETF worth $14,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Milestone Asset Management Group LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 1.6% during the 2nd quarter. Milestone Asset Management Group LLC now owns 12,631 shares of the exchange traded fund’s stock valued at $754,000 after purchasing an additional 198 shares during the last quarter. AE Wealth Management LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 32.6% during the 1st quarter. AE Wealth Management LLC now owns 955 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 235 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 2.4% during the 1st quarter. Apollon Wealth Management LLC now owns 10,550 shares of the exchange traded fund’s stock valued at $574,000 after purchasing an additional 250 shares during the last quarter. Avidian Wealth Enterprises LLC increased its position in shares of SPDR EURO STOXX 50 ETF by 2.3% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 11,140 shares of the exchange traded fund’s stock valued at $665,000 after purchasing an additional 251 shares during the last quarter. Finally, Rathbones Group PLC increased its position in shares of SPDR EURO STOXX 50 ETF by 1.6% during the 1st quarter. Rathbones Group PLC now owns 24,275 shares of the exchange traded fund’s stock valued at $1,321,000 after purchasing an additional 375 shares during the last quarter.

SPDR EURO STOXX 50 ETF Stock Down 0.6%

Shares of FEZ opened at $62.48 on Friday. The business has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $59.76. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 16.43 and a beta of 1.06. SPDR EURO STOXX 50 ETF has a 52 week low of $47.37 and a 52 week high of $63.70.

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.