Loudon Investment Management LLC boosted its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 102.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,086 shares of the exchange traded fund’s stock after buying an additional 4,096 shares during the period. SPDR S&P 500 ETF Trust comprises approximately 1.5% of Loudon Investment Management LLC’s holdings, making the stock its 27th largest position. Loudon Investment Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $1,955,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SPY. CKW Financial Group raised its stake in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock valued at $147,000 after buying an additional 2 shares in the last quarter. Papp L Roy & Associates bought a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at $223,000. Granite Investment Advisors LLC raised its stake in SPDR S&P 500 ETF Trust by 5.1% in the second quarter. Granite Investment Advisors LLC now owns 932 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 45 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,183 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 4 shares in the last quarter. Finally, Verus Financial Partners Inc. raised its stake in SPDR S&P 500 ETF Trust by 3.8% in the second quarter. Verus Financial Partners Inc. now owns 1,230 shares of the exchange traded fund’s stock valued at $297,000 after buying an additional 45 shares in the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 247.49 on Friday. The stock has a 50 day moving average price of $245.95 and a 200 day moving average price of $240.57. SPDR S&P 500 ETF Trust has a 1-year low of $208.38 and a 1-year high of $248.91.

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Separately, Goldman Sachs Group, Inc. (The) upped their price objective on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research note on Wednesday, June 28th.

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.

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

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