Wedgewood Investors Inc. PA Purchases 1,002 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Wedgewood Investors Inc. PA increased its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 33.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,996 shares of the company’s stock after purchasing an additional 1,002 shares during the period. SPDR S&P 500 ETF Trust comprises about 1.7% of Wedgewood Investors Inc. PA’s investment portfolio, making the stock its 14th largest position. Wedgewood Investors Inc. PA’s holdings in SPDR S&P 500 ETF Trust were worth $1,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC increased its position in shares of SPDR S&P 500 ETF Trust by 2.8% during the second quarter. Waldron Private Wealth LLC now owns 58,113 shares of the company’s stock valued at $17,027,000 after purchasing an additional 1,564 shares during the period. Cibc Bank USA increased its position in shares of SPDR S&P 500 ETF Trust by 20.3% during the second quarter. Cibc Bank USA now owns 15,499 shares of the company’s stock valued at $4,541,000 after purchasing an additional 2,615 shares during the period. American Asset Management Inc. increased its position in shares of SPDR S&P 500 ETF Trust by 1.9% during the second quarter. American Asset Management Inc. now owns 99,145 shares of the company’s stock valued at $29,050,000 after purchasing an additional 1,834 shares during the period. United Asset Strategies Inc. increased its position in shares of SPDR S&P 500 ETF Trust by 4.2% during the second quarter. United Asset Strategies Inc. now owns 18,799 shares of the company’s stock valued at $5,508,000 after purchasing an additional 754 shares during the period. Finally, Seelaus Asset Management LLC increased its position in shares of SPDR S&P 500 ETF Trust by 4.1% during the second quarter. Seelaus Asset Management LLC now owns 19,578 shares of the company’s stock valued at $5,736,000 after purchasing an additional 777 shares during the period.

Shares of SPY traded up $5.05 on Tuesday, reaching $293.12. 69,445,013 shares of the stock traded hands, compared to its average volume of 75,196,039. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $302.23. The stock’s 50-day moving average is $296.14.

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: Economic Bubble

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

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