SPDR S&P 500 ETF Trust (SPY) Shares Bought by Pegasus Partners Ltd.
Pegasus Partners Ltd. grew its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,400 shares of the company’s stock after buying an additional 333 shares during the quarter. Pegasus Partners Ltd.’s holdings in SPDR S&P 500 ETF Trust were worth $2,242,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of SPDR S&P 500 ETF Trust by 29.3% during the third quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock worth $2,209,311,000 after purchasing an additional 1,988,866 shares in the last quarter. Shell Asset Management Co. acquired a new position in SPDR S&P 500 ETF Trust in the third quarter valued at approximately $1,228,215,000. ING Groep NV lifted its holdings 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 valued at $1,605,793,000 after buying an additional 5,283,013 shares during the period. Truepoint Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 25,023.2% in the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after buying an additional 5,432,046 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 64.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock valued at $1,077,361,000 after buying an additional 1,676,732 shares during the period.
Separately, S&P Equity Research assumed coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 price objective on the stock.
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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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