AI Financial Services LLC increased its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,794 shares of the company’s stock after acquiring an additional 1,969 shares during the period. SPDR S&P 500 ETF Trust comprises approximately 37.2% of AI Financial Services LLC’s holdings, making the stock its largest position. AI Financial Services LLC’s holdings in SPDR S&P 500 ETF Trust were worth $24,868,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in SPY. Camarda Financial Advisors LLC bought a new position in SPDR S&P 500 ETF Trust in the 2nd quarter worth $51,000. Contravisory Investment Management Inc. boosted its holdings in shares of SPDR S&P 500 ETF Trust by 43.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock valued at $71,000 after purchasing an additional 73 shares during the last quarter. Founders Capital Management boosted its holdings in shares of SPDR S&P 500 ETF Trust by 23.2% during the 2nd quarter. Founders Capital Management now owns 260 shares of the company’s stock valued at $76,000 after purchasing an additional 49 shares during the last quarter. Paragon Capital Management LLC bought a new position in shares of SPDR S&P 500 ETF Trust during the 1st quarter valued at about $79,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of SPDR S&P 500 ETF Trust during the 2nd quarter valued at about $90,000.
Shares of NYSEARCA:SPY traded up $2.68 during trading on Wednesday, reaching $291.21. The company’s stock had a trading volume of 6,690,457 shares, compared to its average volume of 74,859,344. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $302.63. The firm’s 50 day simple moving average is $294.61 and its two-hundred day simple moving average is $291.18.
SPDR S&P 500 ETF Trust Company 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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