Wedbush Securities Inc. raised its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,073 shares of the company’s stock after purchasing an additional 423 shares during the quarter. SPDR S&P 500 ETF Trust makes up about 0.6% of Wedbush Securities Inc.’s portfolio, making the stock its 28th biggest holding. Wedbush Securities Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $4,823,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Truepoint Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock worth $5,454,000 after acquiring an additional 5,432,046 shares during the period. ING Groep NV boosted its stake in shares of SPDR S&P 500 ETF Trust by 719.4% during the 4th quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock worth $1,605,793,000 after acquiring an additional 5,283,013 shares during the period. British Airways Pensions Investment Management Ltd bought a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter worth approximately $645,764,000. Stifel Financial Corp boosted its stake in shares of SPDR S&P 500 ETF Trust by 39,815.8% during the 3rd quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock worth $591,527,000 after acquiring an additional 2,347,938 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of SPDR S&P 500 ETF Trust by 499.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,482,221 shares of the company’s stock worth $662,211,000 after acquiring an additional 2,068,342 shares during the period.
Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 target price for the company.
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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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