Sumitomo Life Insurance Co. Cuts Stock Holdings in SPDR EURO STOXX 50 ETF $FEZ

Sumitomo Life Insurance Co. trimmed its position in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,300 shares of the exchange traded fund’s stock after selling 57,600 shares during the quarter. SPDR EURO STOXX 50 ETF makes up about 0.7% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 24th biggest holding. Sumitomo Life Insurance Co. owned 0.49% of SPDR EURO STOXX 50 ETF worth $25,196,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Washington Growth Strategies LLC increased its holdings in shares of SPDR EURO STOXX 50 ETF by 34.2% during the 4th quarter. Washington Growth Strategies LLC now owns 56,056 shares of the exchange traded fund’s stock valued at $3,609,000 after purchasing an additional 14,284 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in shares of SPDR EURO STOXX 50 ETF by 33.2% during the 3rd quarter. Level Four Advisory Services LLC now owns 91,964 shares of the exchange traded fund’s stock valued at $5,713,000 after purchasing an additional 22,918 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of SPDR EURO STOXX 50 ETF by 288.6% during the 4th quarter. DAVENPORT & Co LLC now owns 13,172 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 9,782 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of SPDR EURO STOXX 50 ETF during the 4th quarter valued at approximately $735,000. Finally, Citigroup Inc. increased its holdings in shares of SPDR EURO STOXX 50 ETF by 173.3% during the 3rd quarter. Citigroup Inc. now owns 285,296 shares of the exchange traded fund’s stock valued at $17,723,000 after purchasing an additional 180,896 shares in the last quarter.

SPDR EURO STOXX 50 ETF Stock Performance

Shares of NYSEARCA FEZ opened at $68.98 on Friday. The firm has a market cap of $4.64 billion, a PE ratio of 16.43 and a beta of 0.95. The firm has a fifty day moving average of $66.46 and a 200 day moving average of $65.53. SPDR EURO STOXX 50 ETF has a one year low of $56.72 and a one year high of $69.44.

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. 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.