Peak Financial Management Inc. Lowers Stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Peak Financial Management Inc. lowered its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,582 shares of the company’s stock after selling 60 shares during the quarter. Peak Financial Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $463,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SPY. Blue Chip Partners Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 1.0% during the second quarter. Blue Chip Partners Inc. now owns 3,405 shares of the company’s stock valued at $998,000 after buying an additional 35 shares during the last quarter. Fulton Bank N.A. raised its position in shares of SPDR S&P 500 ETF Trust by 3.3% during the first quarter. Fulton Bank N.A. now owns 1,246 shares of the company’s stock valued at $352,000 after buying an additional 40 shares during the last quarter. Litman Gregory Asset Management LLC raised its position in shares of SPDR S&P 500 ETF Trust by 0.7% during the second quarter. Litman Gregory Asset Management LLC now owns 5,862 shares of the company’s stock valued at $1,718,000 after buying an additional 41 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 0.5% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 8,453 shares of the company’s stock valued at $2,388,000 after buying an additional 44 shares during the last quarter. Finally, Charter Trust Co. raised its position in shares of SPDR S&P 500 ETF Trust by 1.7% during the second quarter. Charter Trust Co. now owns 2,656 shares of the company’s stock valued at $778,000 after buying an additional 45 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust stock traded down $0.24 on Thursday, hitting $283.66. 7,894,824 shares of the company traded hands, compared to its average volume of 75,639,438. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $302.23. The company’s 50-day moving average price is $295.99.

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.

Further Reading: Coverage Ratio

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

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