RNC Capital Management LLC bought a new position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,530 shares of the company’s stock, valued at approximately $2,810,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Portfolio Solutions LLC lifted its holdings in shares of 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 worth $139,000 after buying an additional 302 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of SPDR S&P 500 ETF Trust during the third quarter worth approximately $148,000. Akanthos Capital Management LLC acquired a new position in shares of SPDR S&P 500 ETF Trust during the third quarter worth approximately $158,000. Orrstown Financial Services Inc. lifted its holdings in shares of 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 worth $158,000 after buying an additional 250 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 68.8% during the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after buying an additional 275 shares during the last quarter.
SPDR S&P 500 ETF Trust (SPY) opened at $279.61 on Thursday. The company has a market capitalization of $284,660.00 and a price-to-earnings ratio of -191.51. SPDR S&P 500 ETF Trust has a 12 month low of $225.27 and a 12 month high of $280.09.
Separately, S&P Equity Research began coverage on SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price target for the company.
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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.
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