Smith Moore & CO. lessened its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,480 shares of the company’s stock after selling 1,039 shares during the quarter. SPDR S&P 500 ETF Trust comprises about 1.4% of Smith Moore & CO.’s investment portfolio, making the stock its 11th biggest position. Smith Moore & CO.’s holdings in SPDR S&P 500 ETF Trust were worth $5,198,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in SPY. Truepoint Inc. grew its holdings in 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 valued at $5,454,000 after buying an additional 5,432,046 shares during the last quarter. ING Groep NV lifted 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 purchasing an additional 5,283,013 shares during the period. British Airways Pensions Investment Management Ltd purchased a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter worth $645,764,000. Stifel Financial Corp lifted 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 purchasing an additional 2,347,938 shares during the period. Finally, Itau Unibanco Holding S.A. lifted 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 purchasing 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 price target on the stock.
WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/03/14/smith-moore-co-has-5-20-million-holdings-in-spdr-sp-500-etf-trust-spy.html.
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.
Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).
Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.