Sumitomo Life Insurance Co. Purchases 212,800 Shares of SPDR EURO STOXX 50 ETF $FEZ

Sumitomo Life Insurance Co. grew its position in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) by 90.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 448,900 shares of the exchange traded fund’s stock after acquiring an additional 212,800 shares during the quarter. SPDR EURO STOXX 50 ETF accounts for 0.9% of Sumitomo Life Insurance Co.’s holdings, making the stock its 21st biggest position. Sumitomo Life Insurance Co. owned approximately 0.59% of SPDR EURO STOXX 50 ETF worth $27,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FEZ. NewEdge Advisors LLC boosted its holdings in SPDR EURO STOXX 50 ETF by 39.1% during the first quarter. NewEdge Advisors LLC now owns 5,906 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 1,659 shares during the last quarter. Empowered Funds LLC acquired a new stake in SPDR EURO STOXX 50 ETF in the 1st quarter valued at $3,006,000. D.A. Davidson & CO. bought a new stake in SPDR EURO STOXX 50 ETF during the 2nd quarter worth about $206,000. Wealthfront Advisers LLC boosted its stake in shares of SPDR EURO STOXX 50 ETF by 56.7% during the 2nd quarter. Wealthfront Advisers LLC now owns 12,873 shares of the exchange traded fund’s stock worth $769,000 after buying an additional 4,658 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of SPDR EURO STOXX 50 ETF by 1,171.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,483,102 shares of the exchange traded fund’s stock worth $88,586,000 after buying an additional 1,366,460 shares during the last quarter.

SPDR EURO STOXX 50 ETF Stock Performance

NYSEARCA:FEZ opened at $69.34 on Thursday. SPDR EURO STOXX 50 ETF has a 52-week low of $47.63 and a 52-week high of $69.38. The company has a market cap of $5.54 billion, a P/E ratio of 16.43 and a beta of 1.06. The stock’s 50-day simple moving average is $66.56 and its 200 day simple moving average is $63.55.

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.