Cypress Capital Management LLC Has $2.84 Million Stake in SPDR S&P 500 ETF Trust (SPY)
Cypress Capital Management LLC lifted its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 76.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,460 shares of the company’s stock after buying an additional 4,528 shares during the period. Cypress Capital Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $2,838,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of SPY. Toronto Dominion Bank boosted its position in shares of SPDR S&P 500 ETF Trust by 1,039.5% in the first quarter. Toronto Dominion Bank now owns 20,997,566 shares of the company’s stock worth $5,525,498,000 after buying an additional 23,232,588 shares during the period. Summit Trail Advisors LLC boosted its position in shares of SPDR S&P 500 ETF Trust by 11,199.3% in the first quarter. Summit Trail Advisors LLC now owns 6,770,101 shares of the company’s stock worth $6,770,000 after buying an additional 6,710,185 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of SPDR S&P 500 ETF Trust in the second quarter worth about $488,420,000. Mackay Shields LLC purchased a new position in SPDR S&P 500 ETF Trust in the first quarter valued at about $458,410,000. Finally, Natixis boosted its holdings in SPDR S&P 500 ETF Trust by 76.5% in the first quarter. Natixis now owns 3,537,295 shares of the company’s stock valued at $930,839,000 after purchasing an additional 1,533,406 shares during the last quarter.
Shares of SPY opened at $287.51 on Friday. SPDR S&P 500 ETF Trust has a one year low of $242.93 and a one year high of $287.67.
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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