Laurel Wealth Advisors Inc. Increases Stock Holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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Laurel Wealth Advisors Inc. raised its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 121.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,589 shares of the company’s stock after acquiring an additional 11,846 shares during the quarter. SPDR S&P 500 ETF Trust makes up about 1.4% of Laurel Wealth Advisors Inc.’s portfolio, making the stock its 8th biggest position. Laurel Wealth Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $6,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Camarda Financial Advisors LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter valued at approximately $51,000. Nalls Sherbakoff Group LLC acquired a new position in shares of SPDR S&P 500 ETF Trust in the fourth quarter worth $55,000. Arbor Wealth Management LLC acquired a new position in shares of SPDR S&P 500 ETF Trust in the fourth quarter worth $66,000. Contravisory Investment Management Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 43.2% in the second quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after acquiring an additional 73 shares in the last quarter. Finally, Founders Capital Management grew its stake in shares of SPDR S&P 500 ETF Trust by 23.2% in the second quarter. Founders Capital Management now owns 260 shares of the company’s stock worth $76,000 after acquiring an additional 49 shares in the last quarter.

Shares of NYSEARCA:SPY traded up $0.62 during trading on Friday, hitting $301.91. The company’s stock had a trading volume of 8,527,913 shares, compared to its average volume of 74,807,977. The business has a 50 day moving average price of $292.93 and a two-hundred day moving average price of $288.94. SPDR S&P 500 ETF Trust has a fifty-two week low of $233.76 and a fifty-two week high of $302.46.

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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Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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