BT Wealth Management LLC Cuts Stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

BT Wealth Management LLC decreased its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 51.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 45,823 shares of the company’s stock after selling 49,221 shares during the quarter. SPDR S&P 500 ETF Trust accounts for approximately 7.6% of BT Wealth Management LLC’s holdings, making the stock its 2nd largest position. BT Wealth Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $12,944,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SPY. Murphy Pohlad Asset Management LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth about $33,000. Riverview Trust Co purchased a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth about $46,000. Signet Investment Advisory Group Inc. purchased a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth about $47,000. Nalls Sherbakoff Group LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth about $55,000. Finally, Arbor Wealth Management LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth about $66,000.

Shares of SPY opened at $288.90 on Wednesday. SPDR S&P 500 ETF Trust has a 52-week low of $233.76 and a 52-week high of $294.95.

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About SPDR S&P 500 ETF Trust

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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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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