Connors Investor Services Inc. cut its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.7% in the second quarter, HoldingsChannel.com reports. The firm owned 173,850 shares of the company’s stock after selling 3,000 shares during the quarter. SPDR S&P 500 ETF Trust accounts for about 6.8% of Connors Investor Services Inc.’s investment portfolio, making the stock its largest holding. Connors Investor Services Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $50,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPY. Koshinski Asset Management Inc. boosted its holdings in SPDR S&P 500 ETF Trust by 30.2% during the 2nd quarter. Koshinski Asset Management Inc. now owns 13,121 shares of the company’s stock valued at $3,845,000 after acquiring an additional 3,045 shares during the period. Lodestar Investment Counsel LLC IL boosted its stake in shares of SPDR S&P 500 ETF Trust by 1.7% in the 1st quarter. Lodestar Investment Counsel LLC IL now owns 11,760 shares of the company’s stock valued at $3,322,000 after buying an additional 195 shares during the period. Ledyard National Bank boosted its stake in shares of SPDR S&P 500 ETF Trust by 3.9% in the 2nd quarter. Ledyard National Bank now owns 20,818 shares of the company’s stock valued at $6,100,000 after buying an additional 791 shares during the period. Patten Group Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust by 1.7% in the 2nd quarter. Patten Group Inc. now owns 14,906 shares of the company’s stock valued at $4,368,000 after buying an additional 249 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust by 1.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 61,463 shares of the company’s stock valued at $18,008,000 after buying an additional 865 shares during the period.

Shares of SPY traded up $1.08 during midday trading on Thursday, hitting $302.18. The company had a trading volume of 22,850,530 shares, compared to its average volume of 74,462,789. The company’s 50-day simple moving average is $292.86 and its 200-day simple moving average is $289.58. SPDR S&P 500 ETF Trust has a 1 year low of $233.76 and a 1 year high of $302.46.

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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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