Sterling Investment Management Inc. Sells 691 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Sterling Investment Management Inc. lessened its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,753 shares of the company’s stock after selling 691 shares during the quarter. SPDR S&P 500 ETF Trust makes up 9.7% of Sterling Investment Management Inc.’s holdings, making the stock its 2nd biggest position. Sterling Investment Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $12,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SPY. Deutsche Bank AG grew its position in SPDR S&P 500 ETF Trust by 18,310.6% during the fourth quarter. Deutsche Bank AG now owns 5,281,830 shares of the company’s stock valued at $1,320,028,000 after buying an additional 5,253,141 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of SPDR S&P 500 ETF Trust by 29,237.2% in the second quarter. Thoroughbred Financial Services LLC now owns 4,893,743 shares of the company’s stock valued at $489,374,000 after purchasing an additional 4,877,062 shares during the period. Gladius Capital Management LP grew its position in shares of SPDR S&P 500 ETF Trust by 200.7% in the fourth quarter. Gladius Capital Management LP now owns 2,051,652 shares of the company’s stock valued at $512,749,000 after purchasing an additional 4,090,042 shares during the period. CHURCHILL MANAGEMENT Corp grew its position in shares of SPDR S&P 500 ETF Trust by 74.9% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 2,505,739 shares of the company’s stock valued at $707,821,000 after purchasing an additional 1,072,813 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 484.8% in the fourth quarter. Bessemer Group Inc. now owns 1,098,688 shares of the company’s stock valued at $274,583,000 after purchasing an additional 910,812 shares during the period.

Shares of NYSEARCA SPY traded down $7.63 during trading on Monday, hitting $284.99. The company had a trading volume of 64,742,177 shares, compared to its average volume of 73,536,656. The firm’s fifty day simple moving average is $296.52. SPDR S&P 500 ETF Trust has a fifty-two week low of $233.76 and a fifty-two week high of $302.23.

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

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