Envestnet Asset Management Inc. grew its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,943,564 shares of the company’s stock after buying an additional 30,023 shares during the period. SPDR S&P 500 ETF Trust accounts for about 1.5% of Envestnet Asset Management Inc.’s portfolio, making the stock its 11th largest position. Envestnet Asset Management Inc. owned approximately 0.42% of SPDR S&P 500 ETF Trust worth $1,155,464,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter valued at about $33,000. Camarda Financial Advisors LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at about $51,000. Riverview Trust Co bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter valued at about $46,000. Nalls Sherbakoff Group LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter valued at about $55,000. Finally, Contravisory Investment Management Inc. grew its holdings 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 valued at $71,000 after acquiring an additional 73 shares in the last quarter.
Shares of NYSEARCA SPY traded down $0.14 during mid-day trading on Thursday, hitting $283.76. The company had a trading volume of 8,294,722 shares, compared to its average volume of 75,639,438. The company has a 50-day moving average price of $295.99. 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 (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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