Exchange Capital Management Inc. reduced its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,739 shares of the company’s stock after selling 335 shares during the quarter. Exchange Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,339,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Davidson Investment Advisors lifted its holdings in shares of SPDR S&P 500 ETF Trust by 1,195.0% during the 4th quarter. Davidson Investment Advisors now owns 10,360 shares of the company’s stock valued at $2,589,000 after purchasing an additional 9,560 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings in shares of SPDR S&P 500 ETF Trust by 135.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 46,089 shares of the company’s stock valued at $11,519,000 after purchasing an additional 26,494 shares in the last quarter. Northwest Capital Management Inc lifted its holdings in shares of SPDR S&P 500 ETF Trust by 31.1% during the 4th quarter. Northwest Capital Management Inc now owns 2,636 shares of the company’s stock valued at $659,000 after purchasing an additional 626 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 6.2% during the 4th quarter. Summit Trail Advisors LLC now owns 126,278 shares of the company’s stock valued at $31,735,000 after purchasing an additional 7,319 shares in the last quarter. Finally, GAM Holding AG lifted its holdings in shares of SPDR S&P 500 ETF Trust by 420.9% during the 4th quarter. GAM Holding AG now owns 35,617 shares of the company’s stock valued at $8,901,000 after purchasing an additional 28,780 shares in the last quarter.

NYSEARCA:SPY opened at $289.26 on Friday. SPDR S&P 500 ETF Trust has a fifty-two week low of $233.76 and a fifty-two week high of $294.95.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://theolympiareport.com/2019/06/16/exchange-capital-management-inc-has-1-34-million-stake-in-spdr-sp-500-etf-trust-nysearcaspy.html.

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.

Featured Story: How to calculate compound interest

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.