AI Financial Services LLC Invests $10.60 Million in SPDR S&P 500 ETF Trust (SPY) Stock

AI Financial Services LLC acquired a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the 4th quarter, HoldingsChannel reports. The fund acquired 39,720 shares of the company’s stock, valued at approximately $10,600,000. SPDR S&P 500 ETF Trust comprises approximately 20.9% of AI Financial Services LLC’s holdings, making the stock its largest position.

Other hedge funds have also added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter valued at $100,000. Keeler Thomas Management LLC bought a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter valued at $133,000. Portfolio Solutions LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 137.9% during the 4th quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock valued at $139,000 after buying an additional 302 shares during the period. Orrstown Financial Services Inc. lifted its holdings in shares of SPDR S&P 500 ETF Trust by 73.1% during the 4th quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock valued at $158,000 after buying an additional 250 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of SPDR S&P 500 ETF Trust during the 4th quarter valued at $166,000.

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Separately, S&P Equity Research started coverage on SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price target on the stock.

SPDR S&P 500 ETF Trust (SPY) opened at $276.72 on Wednesday. The firm has a market capitalization of $270,980.00 and a price-to-earnings ratio of -189.53. SPDR S&P 500 ETF Trust has a twelve month low of $231.61 and a twelve month high of $286.63.

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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.

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).

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

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