Jackson Grant Investment Advisers Inc. Sells 877 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Jackson Grant Investment Advisers Inc. decreased its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,116 shares of the company’s stock after selling 877 shares during the quarter. SPDR S&P 500 ETF Trust accounts for approximately 11.0% of Jackson Grant Investment Advisers Inc.’s portfolio, making the stock its largest position. Jackson Grant Investment Advisers Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $19,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Camarda Financial Advisors LLC purchased a new stake in SPDR S&P 500 ETF Trust in the second quarter worth approximately $51,000. Atwater Malick LLC bought a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $70,000. Financial Advantage Inc. bought a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $81,000. Redhawk Wealth Advisors Inc. bought a new stake in SPDR S&P 500 ETF Trust in the 2nd quarter worth approximately $90,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in SPDR S&P 500 ETF Trust in the 2nd quarter worth approximately $91,000.

NYSEARCA:SPY traded up $1.95 during trading hours on Wednesday, reaching $311.50. The stock had a trading volume of 49,005,002 shares, compared to its average volume of 71,142,836. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $315.48. The company has a 50 day moving average price of $307.11 and a two-hundred day moving average price of $296.23.

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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