Summit Asset Management LLC Sells 35 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Summit Asset Management LLC cut its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 3.6% in the third quarter, HoldingsChannel reports. The fund owned 931 shares of the company’s stock after selling 35 shares during the period. Summit Asset Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. First Trust Advisors LP bought a new position in SPDR S&P 500 ETF Trust in the 1st quarter worth approximately $584,000. Private Trust Co. NA boosted its stake in SPDR S&P 500 ETF Trust by 2.0% in the 2nd quarter. Private Trust Co. NA now owns 43,683 shares of the company’s stock worth $12,798,000 after purchasing an additional 854 shares during the period. Private Asset Management Inc. boosted its stake in SPDR S&P 500 ETF Trust by 4.2% in the 2nd quarter. Private Asset Management Inc. now owns 14,696 shares of the company’s stock worth $4,306,000 after purchasing an additional 597 shares during the period. Dorsey Wright & Associates bought a new position in SPDR S&P 500 ETF Trust in the 2nd quarter worth approximately $282,000. Finally, Silverleafe Capital Partners LLC boosted its stake in SPDR S&P 500 ETF Trust by 0.7% in the 2nd quarter. Silverleafe Capital Partners LLC now owns 50,634 shares of the company’s stock worth $14,836,000 after purchasing an additional 347 shares during the period.

SPY stock traded up $0.65 during midday trading on Tuesday, hitting $309.00. The company’s stock had a trading volume of 43,080,797 shares, compared to its average volume of 72,202,172. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $309.99. The company has a 50 day moving average of $299.41 and a two-hundred day moving average of $293.80.

The firm also recently declared a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $1.3836 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 1.8%.

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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