Envestnet Asset Management Inc. Has $1.16 Billion Stock Position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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Envestnet Asset Management Inc. raised its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.8% in the 2nd quarter, Holdings Channel reports. The firm owned 3,943,564 shares of the company’s stock after acquiring an additional 30,023 shares during the period. SPDR S&P 500 ETF Trust accounts for approximately 1.5% of Envestnet Asset Management Inc.’s holdings, making the stock its 11th largest position. Envestnet Asset Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,155,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Torch Wealth Management LLC raised its position in SPDR S&P 500 ETF Trust by 0.6% during the second quarter. Torch Wealth Management LLC now owns 9,028 shares of the company’s stock valued at $2,645,000 after purchasing an additional 58 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 16.3% during the second quarter. Signature Estate & Investment Advisors LLC now owns 3,806 shares of the company’s stock valued at $1,115,000 after purchasing an additional 534 shares during the period. Buckhead Capital Management LLC acquired a new position in shares of SPDR S&P 500 ETF Trust during the second quarter valued at about $407,000. Boys Arnold & Co. Inc. raised its holdings in shares of SPDR S&P 500 ETF Trust by 5.2% during the second quarter. Boys Arnold & Co. Inc. now owns 129,459 shares of the company’s stock valued at $37,931,000 after purchasing an additional 6,364 shares during the period. Finally, Rosenbaum Jay D. acquired a new position in shares of SPDR S&P 500 ETF Trust during the second quarter valued at about $227,000.

Shares of SPY traded down $0.14 on Thursday, reaching $283.76. The company’s stock had a trading volume of 8,294,722 shares, compared to its average volume of 75,639,438. SPDR S&P 500 ETF Trust has a twelve month low of $233.76 and a twelve month high of $302.23. The company has a fifty day moving average of $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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