Ferguson Wellman Capital Management Inc. Decreases Stock Holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Ferguson Wellman Capital Management Inc. decreased its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.2% during the second quarter, Holdings Channel.com reports. The fund owned 8,981 shares of the company’s stock after selling 199 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $2,631,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SPY. Murphy Pohlad Asset Management LLC purchased a new position in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $33,000. Riverview Trust Co purchased a new position in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $46,000. Nalls Sherbakoff Group LLC purchased a new position in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $55,000. Arbor Wealth Management LLC purchased a new position in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $66,000. Finally, Contravisory Investment Management Inc. increased its position 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 buying an additional 73 shares during the period.

Shares of NYSEARCA SPY traded up $1.22 during midday trading on Friday, hitting $301.22. 1,370,172 shares of the company traded hands, compared to its average volume of 73,173,820. SPDR S&P 500 ETF Trust has a 12-month low of $233.76 and a 12-month high of $301.44. The firm has a 50-day moving average of $294.65.

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.

Further Reading: Stop Order Uses For Individual Investors

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.