Watch Point Trust Co Has $3.65 Million Stock Position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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Watch Point Trust Co raised its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,449 shares of the company’s stock after purchasing an additional 642 shares during the period. SPDR S&P 500 ETF Trust makes up approximately 2.1% of Watch Point Trust Co’s investment portfolio, making the stock its 23rd biggest position. Watch Point Trust Co’s holdings in SPDR S&P 500 ETF Trust were worth $3,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPY. Blue Chip Partners Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 1.0% during the second quarter. Blue Chip Partners Inc. now owns 3,405 shares of the company’s stock worth $998,000 after buying an additional 35 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of SPDR S&P 500 ETF Trust by 3.3% in the first quarter. Fulton Bank N.A. now owns 1,246 shares of the company’s stock worth $352,000 after purchasing an additional 40 shares during the last quarter. Litman Gregory Asset Management LLC lifted its holdings in SPDR S&P 500 ETF Trust by 0.7% in the second quarter. Litman Gregory Asset Management LLC now owns 5,862 shares of the company’s stock valued at $1,718,000 after buying an additional 41 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 0.5% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 8,453 shares of the company’s stock valued at $2,388,000 after buying an additional 44 shares during the period. Finally, Charter Trust Co. lifted its holdings in SPDR S&P 500 ETF Trust by 1.7% in the second quarter. Charter Trust Co. now owns 2,656 shares of the company’s stock valued at $778,000 after buying an additional 45 shares during the period.

SPY stock traded up $1.26 during midday trading on Thursday, hitting $285.16. The stock had a trading volume of 5,288,384 shares, compared to its average volume of 75,639,438. SPDR S&P 500 ETF Trust has a 1-year low of $233.76 and a 1-year high of $302.23. The company’s fifty day moving average price is $295.99.

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.

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

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