Cox Capital Mgt LLC Has $5.73 Million Position in SPDR S&P 500 ETF Trust (SPY)

Cox Capital Mgt LLC lowered its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 10.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 20,300 shares of the company’s stock after selling 2,283 shares during the quarter. SPDR S&P 500 ETF Trust accounts for about 6.2% of Cox Capital Mgt LLC’s investment portfolio, making the stock its biggest holding. Cox Capital Mgt LLC’s holdings in SPDR S&P 500 ETF Trust were worth $5,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SPY. MinichMacGregor Wealth Management LLC grew its position in SPDR S&P 500 ETF Trust by 1,165.9% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 6,988 shares of the company’s stock valued at $1,756,000 after purchasing an additional 6,436 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new position in SPDR S&P 500 ETF Trust during the fourth quarter valued at approximately $495,000. E&G Advisors LP grew its position in SPDR S&P 500 ETF Trust by 60.3% during the fourth quarter. E&G Advisors LP now owns 8,773 shares of the company’s stock valued at $2,193,000 after purchasing an additional 3,300 shares in the last quarter. Sterling Investment Management Inc. grew its position in SPDR S&P 500 ETF Trust by 103.1% during the fourth quarter. Sterling Investment Management Inc. now owns 36,530 shares of the company’s stock valued at $9,130,000 after purchasing an additional 18,541 shares in the last quarter. Finally, Bangor Savings Bank grew its position in SPDR S&P 500 ETF Trust by 39.4% during the fourth quarter. Bangor Savings Bank now owns 2,043 shares of the company’s stock valued at $510,000 after purchasing an additional 577 shares in the last quarter.

Shares of SPY opened at $282.78 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $294.95.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, March 18th were given a dividend of $1.2331 per share. This represents a $4.93 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 15th.

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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.

See Also: Beige Book

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

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