Tower Research Capital LLC TRC Sells 365,831 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Tower Research Capital LLC TRC lowered its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 29.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 866,380 shares of the company’s stock after selling 365,831 shares during the quarter. SPDR S&P 500 ETF Trust accounts for 17.1% of Tower Research Capital LLC TRC’s holdings, making the stock its biggest position. Tower Research Capital LLC TRC owned approximately 0.10% of SPDR S&P 500 ETF Trust worth $253,849,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Castle Rock Wealth Management LLC lifted its stake in shares of SPDR S&P 500 ETF Trust by 13.0% in the fourth quarter. Castle Rock Wealth Management LLC now owns 2,284 shares of the company’s stock worth $624,000 after buying an additional 262 shares in the last quarter. Geode Capital Management LLC acquired a new position in SPDR S&P 500 ETF Trust during the 4th quarter worth approximately $208,000. M Holdings Securities Inc. grew its holdings in SPDR S&P 500 ETF Trust by 0.5% during the 4th quarter. M Holdings Securities Inc. now owns 56,278 shares of the company’s stock worth $14,065,000 after acquiring an additional 256 shares in the last quarter. Mutual Advisors LLC grew its holdings in SPDR S&P 500 ETF Trust by 18.0% during the 4th quarter. Mutual Advisors LLC now owns 15,236 shares of the company’s stock worth $3,808,000 after acquiring an additional 2,321 shares in the last quarter. Finally, Laffer Investments grew its holdings in SPDR S&P 500 ETF Trust by 5.7% during the 4th quarter. Laffer Investments now owns 3,726 shares of the company’s stock worth $931,000 after acquiring an additional 200 shares in the last quarter.

Shares of NYSEARCA:SPY traded down $0.18 during trading on Friday, hitting $301.11. 4,175,381 shares of the company were exchanged, compared to its average volume of 74,807,977. SPDR S&P 500 ETF Trust has a 12-month low of $233.76 and a 12-month high of $302.46. The firm’s 50 day moving average price is $292.93 and its 200-day moving average price is $288.94.

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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