Hallmark Capital Management Inc. Boosts Stake in SPDR S&P 500 ETF Trust (SPY)
Hallmark Capital Management Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2,791.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,224 shares of the company’s stock after buying an additional 30,144 shares during the period. Hallmark Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $7,803,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Peak Capital Management LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter valued at $28,000. Signet Investment Advisory Group Inc. bought a new stake in SPDR S&P 500 ETF Trust during the fourth quarter valued at about $47,000. First PREMIER Bank boosted its position in SPDR S&P 500 ETF Trust by 134.8% during the fourth quarter. First PREMIER Bank now owns 270 shares of the company’s stock valued at $67,000 after purchasing an additional 155 shares in the last quarter. Avondale Wealth Management bought a new stake in SPDR S&P 500 ETF Trust during the fourth quarter valued at about $75,000. Finally, JJJ Advisors Inc. boosted its position in SPDR S&P 500 ETF Trust by 17.3% during the fourth quarter. JJJ Advisors Inc. now owns 318 shares of the company’s stock valued at $79,000 after purchasing an additional 47 shares in the last quarter.
Shares of SPY stock opened at $288.29 on Thursday. SPDR S&P 500 ETF Trust has a 1-year low of $233.76 and a 1-year high of $293.94.
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.
Recommended Story: Fundamental Analysis and Individual Investors
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.