SPDR S&P 500 ETF Trust (SPY) Shares Sold by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. reduced its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,008 shares of the company’s stock after selling 8,299 shares during the period. SPDR S&P 500 ETF Trust accounts for 28.1% of Proffitt & Goodson Inc.’s portfolio, making the stock its largest position. Proffitt & Goodson Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $65,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. ING Groep NV raised its stake in SPDR S&P 500 ETF Trust by 719.4% in the fourth quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock worth $1,605,793,000 after buying an additional 5,283,013 shares in the last quarter. First Republic Investment Management Inc. raised its stake in SPDR S&P 500 ETF Trust by 3.5% in the fourth quarter. First Republic Investment Management Inc. now owns 3,802,318 shares of the company’s stock worth $1,014,686,000 after buying an additional 127,325 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in SPDR S&P 500 ETF Trust by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,753,798 shares of the company’s stock worth $1,001,762,000 after buying an additional 91,174 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in SPDR S&P 500 ETF Trust by 499.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,482,221 shares of the company’s stock worth $662,211,000 after buying an additional 2,068,342 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd bought a new position in SPDR S&P 500 ETF Trust in the fourth quarter worth about $645,764,000.

SPDR S&P 500 ETF Trust traded up $0.70, reaching $278.73, during trading on Thursday, Marketbeat.com reports. The company had a trading volume of 70,387,238 shares, compared to its average volume of 101,098,336. SPDR S&P 500 ETF Trust has a 52 week low of $239.96 and a 52 week high of $286.63.

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.

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

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