Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,758 shares of the company’s stock, valued at approximately $2,337,000. SPDR S&P 500 ETF Trust comprises 1.7% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 19th biggest holding.
A number of other hedge funds have also bought and sold shares of SPY. Independence Bank of Kentucky acquired a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth approximately $100,000. Keeler Thomas Management LLC acquired a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth approximately $133,000. Portfolio Solutions LLC increased its position in 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 period. Kohmann Bosshard Financial Services LLC acquired a new position in SPDR S&P 500 ETF Trust during the third quarter worth approximately $148,000. Finally, Orrstown Financial Services Inc. increased its position in 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 period.
Separately, S&P Equity Research started coverage on SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 target price on the stock.
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About SPDR S&P 500 ETF Trust
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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