Robinhood Asset Management LLC Invests $44.83 Million in SPDR EURO STOXX 50 ETF $FEZ

Robinhood Asset Management LLC bought a new stake in shares of SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) in the 4th quarter, Holdings Channel reports. The institutional investor bought 696,212 shares of the exchange traded fund’s stock, valued at approximately $44,829,000. SPDR EURO STOXX 50 ETF comprises approximately 3.6% of Robinhood Asset Management LLC’s holdings, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of SPDR EURO STOXX 50 ETF during the 4th quarter valued at about $87,566,000. 1607 Capital Partners LLC increased its holdings in shares of SPDR EURO STOXX 50 ETF by 1,072.1% in the third quarter. 1607 Capital Partners LLC now owns 852,398 shares of the exchange traded fund’s stock worth $52,951,000 after purchasing an additional 779,675 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of SPDR EURO STOXX 50 ETF in the second quarter worth about $32,447,000. MML Investors Services LLC lifted its position in shares of SPDR EURO STOXX 50 ETF by 517.3% in the second quarter. MML Investors Services LLC now owns 358,881 shares of the exchange traded fund’s stock worth $21,436,000 after buying an additional 300,746 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in SPDR EURO STOXX 50 ETF by 261.8% during the third quarter. Bank of Nova Scotia now owns 348,406 shares of the exchange traded fund’s stock valued at $21,643,000 after buying an additional 252,120 shares during the last quarter.

SPDR EURO STOXX 50 ETF Price Performance

NYSEARCA:FEZ opened at $62.87 on Tuesday. SPDR EURO STOXX 50 ETF has a 1 year low of $47.63 and a 1 year high of $69.44. The stock’s 50 day simple moving average is $65.12 and its two-hundred day simple moving average is $64.12. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 16.43 and a beta of 1.02.

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. 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.