Peak Financial Management Inc. Lowers Stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Peak Financial Management Inc. reduced its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,582 shares of the company’s stock after selling 60 shares during the quarter. Peak Financial Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at $33,000. Camarda Financial Advisors LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter valued at $51,000. Riverview Trust Co purchased a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at $46,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at $55,000. Finally, Contravisory Investment Management Inc. boosted its stake in shares of 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 valued at $71,000 after purchasing an additional 73 shares during the period.

NYSEARCA:SPY traded down $0.24 during mid-day trading on Thursday, reaching $283.66. The company’s stock had a trading volume of 7,894,824 shares, compared to its average volume of 75,639,438. SPDR S&P 500 ETF Trust has a 1 year low of $233.76 and a 1 year high of $302.23. The business’s fifty day simple moving average is $295.99.

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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