SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is West Chester Capital Advisors Inc.’s 3rd Largest Position

West Chester Capital Advisors Inc. grew its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 20.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,888 shares of the company’s stock after purchasing an additional 1,317 shares during the quarter. SPDR S&P 500 ETF Trust makes up 3.0% of West Chester Capital Advisors Inc.’s portfolio, making the stock its 3rd biggest position. West Chester Capital Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $2,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Murphy Pohlad Asset Management LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $33,000. Riverview Trust Co bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $46,000. Nalls Sherbakoff Group LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $55,000. Arbor Wealth Management LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $66,000. Finally, Contravisory Investment Management Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 43.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after acquiring an additional 73 shares in the last quarter.

Shares of SPY traded down $2.00 during trading hours on Friday, hitting $291.62. The company had a trading volume of 81,549,856 shares, compared to its average volume of 75,196,039. SPDR S&P 500 ETF Trust has a one year low of $233.76 and a one year high of $302.23. The business’s fifty day moving average price is $296.36.

About SPDR S&P 500 ETF Trust

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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Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

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