SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Stock Position Lowered by Founders Financial Securities LLC

Founders Financial Securities LLC reduced its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,446 shares of the company’s stock after selling 1,302 shares during the quarter. SPDR S&P 500 ETF Trust comprises 5.2% of Founders Financial Securities LLC’s investment portfolio, making the stock its 3rd biggest position. Founders Financial Securities LLC’s holdings in SPDR S&P 500 ETF Trust were worth $15,660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC bought a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter valued at $33,000. Riverview Trust Co purchased a new position in SPDR S&P 500 ETF Trust during the 4th quarter valued at about $46,000. Nalls Sherbakoff Group LLC purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter worth about $55,000. Contravisory Investment Management Inc. raised its holdings in SPDR S&P 500 ETF Trust by 43.2% in the second quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after buying an additional 73 shares during the last quarter. Finally, Peachtree Investment Partners LLC purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter worth about $662,000.

Shares of SPY stock traded up $0.08 during trading hours on Wednesday, reaching $300.80. The company had a trading volume of 1,346,376 shares, compared to its average volume of 72,549,203. The business has a fifty day moving average of $296.06. SPDR S&P 500 ETF Trust has a one year low of $233.76 and a one year high of $302.23.

SPDR S&P 500 ETF Trust Profile

SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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