Edgestream Partners L.P. lifted its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 26.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,550 shares of the company’s stock after purchasing an additional 2,859 shares during the period. SPDR S&P 500 ETF Trust comprises approximately 4.3% of Edgestream Partners L.P.’s portfolio, making the stock its 4th biggest holding. Edgestream Partners L.P.’s holdings in SPDR S&P 500 ETF Trust were worth $3,616,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Independence Bank of Kentucky bought a new position in shares of SPDR S&P 500 ETF Trust in the fourth quarter worth approximately $100,000. Keeler Thomas Management LLC purchased a new stake in SPDR S&P 500 ETF Trust in the fourth quarter worth $133,000. Portfolio Solutions LLC lifted its stake in SPDR S&P 500 ETF Trust by 137.9% in the fourth quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock worth $139,000 after acquiring an additional 302 shares during the period. Orrstown Financial Services Inc. lifted its stake in SPDR S&P 500 ETF Trust by 73.1% in the fourth quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock worth $158,000 after acquiring an additional 250 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in SPDR S&P 500 ETF Trust in the fourth quarter worth $166,000.
Separately, S&P Equity Research assumed coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price target for the company.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/14/spdr-sp-500-etf-trust-spy-is-edgestream-partners-l-p-s-4th-largest-position.html.
SPDR S&P 500 ETF Trust 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.