Steinberg Global Asset Management reduced its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 20.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,818 shares of the company’s stock after selling 1,949 shares during the quarter. Steinberg Global Asset Management’s holdings in SPDR S&P 500 ETF Trust were worth $2,057,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Strs Ohio acquired a new stake in SPDR S&P 500 ETF Trust in the 4th quarter valued at approximately $89,000. Sharkey Howes & Javer increased its position in SPDR S&P 500 ETF Trust by 7.7% in the 4th quarter. Sharkey Howes & Javer now owns 878 shares of the company’s stock valued at $219,000 after acquiring an additional 63 shares during the period. Sunesis Advisors LLC acquired a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter valued at $321,000. Ellevest Inc. acquired a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter valued at $1,851,000. Finally, Domani Wealth LLC increased its position in shares of SPDR S&P 500 ETF Trust by 5.6% during the 4th quarter. Domani Wealth LLC now owns 21,451 shares of the company’s stock valued at $5,361,000 after purchasing an additional 1,146 shares during the period.
Shares of SPY stock opened at $288.39 on Thursday. SPDR S&P 500 ETF Trust has a 1 year low of $233.76 and a 1 year high of $294.95.
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: Oversold
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