Wealthfront Inc. cut its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,494 shares of the company’s stock after selling 4,369 shares during the period. Wealthfront Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $3,334,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in SPY. Independence Bank of Kentucky bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter valued at $100,000. Keeler Thomas Management LLC bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter valued at $133,000. Portfolio Solutions LLC grew its holdings in SPDR S&P 500 ETF Trust by 137.9% during the fourth quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock valued at $139,000 after purchasing an additional 302 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in SPDR S&P 500 ETF Trust during the third quarter valued at $148,000. Finally, Orrstown Financial Services Inc. grew its holdings in SPDR S&P 500 ETF Trust by 73.1% during the fourth quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock valued at $158,000 after purchasing an additional 250 shares during the period.
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $278.87 on Monday. SPDR S&P 500 ETF Trust has a twelve month low of $231.61 and a twelve month high of $286.63. The firm has a market capitalization of $272,240.00 and a price-to-earnings ratio of -191.01.
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About SPDR S&P 500 ETF Trust
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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