Accuvest Global Advisors reduced its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 70.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,511 shares of the company’s stock after selling 142,141 shares during the period. SPDR S&P 500 ETF Trust makes up approximately 12.5% of Accuvest Global Advisors’ portfolio, making the stock its biggest position. Accuvest Global Advisors’ holdings in SPDR S&P 500 ETF Trust were worth $14,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR S&P 500 ETF Trust during the third quarter worth about $148,000. CKW Financial Group increased its stake in SPDR S&P 500 ETF Trust by 0.3% during the second quarter. CKW Financial Group now owns 606 shares of the company’s stock worth $147,000 after purchasing an additional 2 shares during the period. WESPAC Advisors SoCal LLC increased its stake in SPDR S&P 500 ETF Trust by 68.8% during the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after purchasing an additional 275 shares during the period. Almanack Investment Partners LLC. increased its stake in SPDR S&P 500 ETF Trust by 2.6% during the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after purchasing an additional 18 shares during the period. Finally, Garrison Financial Corp purchased a new stake in SPDR S&P 500 ETF Trust during the third quarter worth about $202,000.

Shares of SPDR S&P 500 ETF Trust (SPY) traded up $0.50 during trading hours on Wednesday, reaching $267.28. 85,195,700 shares of the company’s stock were exchanged, compared to its average volume of 69,929,453. SPDR S&P 500 ETF Trust has a one year low of $222.73 and a one year high of $267.32.

Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday. They set a $3,000.00 price target on the stock.

COPYRIGHT VIOLATION WARNING: “SPDR S&P 500 ETF Trust (SPY) is Accuvest Global Advisors’ Largest Position” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/13/spdr-sp-500-etf-trust-spy-is-accuvest-global-advisors-largest-position.html.

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.

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)

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.