Prospera Financial Services Inc Acquires Shares of 38,300 SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Prospera Financial Services Inc acquired a new stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the second quarter, HoldingsChannel reports. The fund acquired 38,300 shares of the company’s stock, valued at approximately $9,597,000. SPDR S&P 500 ETF Trust accounts for 1.9% of Prospera Financial Services Inc’s holdings, making the stock its 6th biggest holding.

A number of other institutional investors also recently modified their holdings of SPY. Koshinski Asset Management Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 30.2% in the 2nd quarter. Koshinski Asset Management Inc. now owns 13,121 shares of the company’s stock worth $3,845,000 after buying an additional 3,045 shares during the period. Lodestar Investment Counsel LLC IL grew its position in shares of SPDR S&P 500 ETF Trust by 1.7% in the 1st quarter. Lodestar Investment Counsel LLC IL now owns 11,760 shares of the company’s stock worth $3,322,000 after buying an additional 195 shares during the period. Ledyard National Bank grew its position in shares of SPDR S&P 500 ETF Trust by 3.9% in the 2nd quarter. Ledyard National Bank now owns 20,818 shares of the company’s stock worth $6,100,000 after buying an additional 791 shares during the period. Patten Group Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 1.7% in the 2nd quarter. Patten Group Inc. now owns 14,906 shares of the company’s stock worth $4,368,000 after buying an additional 249 shares during the period. Finally, Carroll Financial Associates Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 1.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 61,463 shares of the company’s stock worth $18,008,000 after buying an additional 865 shares during the period.

SPY stock traded down $0.78 during trading on Monday, hitting $300.21. 55,560,227 shares of the stock traded hands, compared to its average volume of 74,736,547. SPDR S&P 500 ETF Trust has a 1 year low of $233.76 and a 1 year high of $302.46. The firm’s 50 day moving average is $292.95 and its two-hundred day moving average is $289.05.

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.

See Also: Hold Rating

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

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