Girard Partners LTD. reduced its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,954 shares of the company’s stock after selling 474 shares during the quarter. Girard Partners LTD.’s holdings in SPDR S&P 500 ETF Trust were worth $2,123,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Ameriprise Financial Inc. raised its stake in SPDR S&P 500 ETF Trust by 29.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after purchasing an additional 1,988,866 shares during the period. Shell Asset Management Co. acquired a new position in shares of SPDR S&P 500 ETF Trust in the third quarter worth $1,228,215,000. ING Groep NV increased its stake in shares of SPDR S&P 500 ETF Trust by 719.4% in the fourth 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 last quarter. Truepoint Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 25,023.2% in the third 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 last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 64.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock worth $1,077,361,000 after acquiring an additional 1,676,732 shares during the last quarter.
SPDR S&P 500 ETF Trust (SPY) opened at $274.43 on Wednesday. SPDR S&P 500 ETF Trust has a one year low of $231.61 and a one year high of $286.63. The firm has a market cap of $274,520.00 and a price-to-earnings ratio of -187.97.
Separately, S&P Equity Research assumed coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price target on the stock.
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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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