Beacon Wealthcare Inc Invests $1.50 Million in SPDR S&P 500 ETF Trust (SPY) Stock
Beacon Wealthcare Inc acquired a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,988 shares of the company’s stock, valued at approximately $1,497,000. SPDR S&P 500 ETF Trust comprises about 1.0% of Beacon Wealthcare Inc’s portfolio, making the stock its 7th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Peak Capital Management LLC acquired a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter valued at about $28,000. Highwater Wealth Management LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 4th quarter worth about $110,000. Bell Rock Capital LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $112,000. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 402.3% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 437 shares of the company’s stock worth $127,000 after purchasing an additional 350 shares during the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $128,000.
Shares of SPDR S&P 500 ETF Trust stock traded down $0.22 during mid-day trading on Friday, hitting $258.66. 3,251,515 shares of the stock were exchanged, compared to its average volume of 115,834,320. SPDR S&P 500 ETF Trust has a twelve month low of $233.76 and a twelve month high of $293.94.
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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.
Further Reading: Hedge Funds Explained
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).
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