Itau Unibanco Holding S.A. boosted its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 499.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,482,221 shares of the company’s stock after purchasing an additional 2,068,342 shares during the quarter. SPDR S&P 500 ETF Trust makes up approximately 39.5% of Itau Unibanco Holding S.A.’s portfolio, making the stock its largest holding. Itau Unibanco Holding S.A.’s holdings in SPDR S&P 500 ETF Trust were worth $662,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky bought a new position in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $100,000. Keeler Thomas Management LLC bought a new position in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $133,000. Portfolio Solutions LLC boosted its stake in SPDR S&P 500 ETF Trust by 137.9% in the 4th quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock worth $139,000 after purchasing an additional 302 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $148,000. Finally, Orrstown Financial Services Inc. boosted its stake in SPDR S&P 500 ETF Trust by 73.1% in the 4th quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock worth $158,000 after purchasing an additional 250 shares during the period.
SPDR S&P 500 ETF Trust (SPY) opened at $278.87 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $231.61 and a 52 week high of $286.63. The firm has a market capitalization of $276,940.00 and a P/E ratio of -191.01.
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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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