Welch Group LLC trimmed its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 17.2% during the second quarter, Holdings Channel reports. The institutional investor owned 20,734 shares of the company’s stock after selling 4,314 shares during the quarter. Welch Group LLC’s holdings in SPDR S&P 500 ETF Trust were worth $6,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $33,000. Riverview Trust Co bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $46,000. Nalls Sherbakoff Group LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $55,000. Arbor Wealth Management LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $66,000. Finally, Contravisory Investment Management Inc. boosted its position 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 worth $71,000 after purchasing an additional 73 shares during the last quarter.

Shares of NYSEARCA:SPY traded down $0.59 during midday trading on Monday, hitting $301.42. The company had a trading volume of 2,302,370 shares, compared to its average volume of 72,977,297. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $302.23. The business has a fifty day moving average of $295.01.

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.

Further Reading: Arbitrage

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Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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