Loudon Investment Management LLC raised its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,290 shares of the company’s stock after buying an additional 510 shares during the quarter. SPDR S&P 500 ETF Trust comprises approximately 1.3% of Loudon Investment Management LLC’s holdings, making the stock its 27th largest position. Loudon Investment Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $1,570,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Camarda Financial Advisors LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the second quarter valued at $51,000. Atwater Malick LLC bought a new stake in SPDR S&P 500 ETF Trust in the third quarter worth $70,000. Contravisory Investment Management Inc. lifted its position 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. Founders Capital Management lifted its position in SPDR S&P 500 ETF Trust by 23.2% in the second quarter. Founders Capital Management now owns 260 shares of the company’s stock worth $76,000 after buying an additional 49 shares during the last quarter. Finally, Financial Advantage Inc. bought a new stake in SPDR S&P 500 ETF Trust in the third quarter worth $81,000.
SPY traded down $0.76 during trading on Monday, reaching $308.18. The company had a trading volume of 2,219,164 shares, compared to its average volume of 72,494,539. The business has a 50 day simple moving average of $298.78 and a 200-day simple moving average of $293.53. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $309.65.
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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