Sumitomo Life Insurance Co. lessened its stake in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ – Free Report) by 12.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 391,300 shares of the exchange traded fund’s stock after selling 57,600 shares during the quarter. SPDR EURO STOXX 50 ETF comprises approximately 0.7% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 24th biggest position. Sumitomo Life Insurance Co.’s holdings in SPDR EURO STOXX 50 ETF were worth $25,196,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FEZ. Allspring Global Investments Holdings LLC purchased a new stake in SPDR EURO STOXX 50 ETF in the 4th quarter worth $87,566,000. JPMorgan Chase & Co. increased its holdings in SPDR EURO STOXX 50 ETF by 10.5% in the 4th quarter. JPMorgan Chase & Co. now owns 8,766,780 shares of the exchange traded fund’s stock worth $564,493,000 after acquiring an additional 833,784 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in SPDR EURO STOXX 50 ETF by 1,072.1% in the 3rd quarter. 1607 Capital Partners LLC now owns 852,398 shares of the exchange traded fund’s stock worth $52,951,000 after acquiring an additional 779,675 shares in the last quarter. Robinhood Asset Management LLC acquired a new stake in SPDR EURO STOXX 50 ETF during the 4th quarter worth $44,829,000. Finally, Prudential PLC boosted its stake in SPDR EURO STOXX 50 ETF by 86.7% during the 4th quarter. Prudential PLC now owns 1,224,300 shares of the exchange traded fund’s stock worth $78,833,000 after purchasing an additional 568,600 shares during the last quarter.
SPDR EURO STOXX 50 ETF Stock Up 0.1%
Shares of FEZ opened at $68.98 on Friday. The firm’s fifty day moving average is $66.46 and its two-hundred day moving average is $65.53. The stock has a market cap of $4.64 billion, a PE ratio of 16.43 and a beta of 0.95. SPDR EURO STOXX 50 ETF has a 52-week low of $56.72 and a 52-week high of $69.44.
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.
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