Trellus Management Company LLC grew its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 108.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the company’s stock after purchasing an additional 27,000 shares during the period. SPDR S&P 500 ETF Trust comprises approximately 1.1% of Trellus Management Company LLC’s investment portfolio, making the stock its 24th largest position. Trellus Management Company LLC’s holdings in SPDR S&P 500 ETF Trust were worth $500,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Peak Capital Management LLC bought a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $28,000. Signet Investment Advisory Group Inc. bought a new position in SPDR S&P 500 ETF Trust in the 4th quarter valued at approximately $47,000. First PREMIER Bank raised its holdings in SPDR S&P 500 ETF Trust by 134.8% in the 4th quarter. First PREMIER Bank now owns 270 shares of the company’s stock valued at $67,000 after buying an additional 155 shares during the last quarter. Avondale Wealth Management bought a new position in SPDR S&P 500 ETF Trust in the 4th quarter valued at approximately $75,000. Finally, JJJ Advisors Inc. raised its holdings in SPDR S&P 500 ETF Trust by 17.3% in the 4th quarter. JJJ Advisors Inc. now owns 318 shares of the company’s stock valued at $79,000 after buying an additional 47 shares during the last quarter.
NYSEARCA SPY traded down $0.72 during trading hours on Friday, reaching $280.44. The company’s stock had a trading volume of 15,483,260 shares, compared to its average volume of 84,267,672. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $293.94.
SPDR S&P 500 ETF Trust Company 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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