Signature Wealth Management Group trimmed its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 42.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395 shares of the company’s stock after selling 296 shares during the quarter. Signature Wealth Management Group’s holdings in SPDR S&P 500 ETF Trust were worth $104,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of SPY. LFA Lugano Financial Advisors SA acquired a new stake in SPDR S&P 500 ETF Trust in the 2nd quarter valued at about $12,474,000. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in shares of SPDR S&P 500 ETF Trust by 79.9% in the 2nd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 8,425,032 shares of the company’s stock valued at $2,285,543,000 after acquiring an additional 3,742,200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at about $488,420,000. Gradient Investments LLC increased its holdings in shares of SPDR S&P 500 ETF Trust by 41,603.0% in the 3rd quarter. Gradient Investments LLC now owns 1,407,059 shares of the company’s stock valued at $409,060,000 after acquiring an additional 1,403,685 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. increased its holdings in shares of SPDR S&P 500 ETF Trust by 81,315.3% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 1,396,273 shares of the company’s stock valued at $378,782,000 after acquiring an additional 1,394,558 shares during the last quarter.
NYSEARCA:SPY traded up $3.65 during mid-day trading on Monday, reaching $279.30. 102,803,852 shares of the stock were exchanged, compared to its average volume of 91,911,953. SPDR S&P 500 ETF Trust has a 1 year low of $252.92 and a 1 year high of $293.94.
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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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