Providence Capital Advisors LLC grew its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,342 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Providence Capital Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $1,272,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SPY. Camarda Financial Advisors LLC acquired a new position in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at $51,000. Nalls Sherbakoff Group LLC acquired a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth $55,000. Arbor Wealth Management LLC acquired a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth $66,000. Contravisory Investment Management Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 43.2% during the second quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after acquiring an additional 73 shares in the last quarter. Finally, Founders Capital Management lifted its holdings in SPDR S&P 500 ETF Trust by 23.2% during the second quarter. Founders Capital Management now owns 260 shares of the company’s stock worth $76,000 after acquiring an additional 49 shares in the last quarter.
Shares of NYSEARCA SPY traded up $2.18 during mid-day trading on Wednesday, reaching $300.31. 62,660,838 shares of the company’s stock were exchanged, compared to its average volume of 74,851,578. The business has a fifty day simple moving average of $292.92 and a 200 day simple moving average of $288.83. SPDR S&P 500 ETF Trust has a twelve month low of $233.76 and a twelve month high of $302.23.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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