Gibson Capital LLC cut its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 23.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,370 shares of the company’s stock after selling 725 shares during the quarter. SPDR S&P 500 ETF Trust makes up 0.2% of Gibson Capital LLC’s investment portfolio, making the stock its 18th biggest holding. Gibson Capital LLC’s holdings in SPDR S&P 500 ETF Trust were worth $632,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position 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 worth $2,209,311,000 after acquiring an additional 1,988,866 shares during the period. Shell Asset Management Co. acquired a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $1,228,215,000. Truepoint Inc. lifted its position in SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd 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 period. Envestnet Asset Management Inc. lifted its position in SPDR S&P 500 ETF Trust by 64.2% during the 3rd 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 period. Finally, First Republic Investment Management Inc. lifted its position in SPDR S&P 500 ETF Trust by 4.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 3,674,993 shares of the company’s stock worth $923,269,000 after acquiring an additional 142,388 shares during the period.
SPDR S&P 500 ETF Trust (SPY) traded up $0.99 on Tuesday, hitting $274.91. The stock had a trading volume of 57,308,902 shares, compared to its average volume of 79,639,063. The firm has a market cap of $277,150.00 and a PE ratio of -188.29. SPDR S&P 500 ETF Trust has a 1-year low of $224.96 and a 1-year high of $274.10.
Separately, S&P Equity Research started coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 price objective 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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