Laurel Wealth Advisors Inc. grew its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 121.6% during the second quarter, Holdings Channel reports. The institutional investor owned 21,589 shares of the company’s stock after acquiring an additional 11,846 shares during the period. SPDR S&P 500 ETF Trust makes up about 1.4% of Laurel Wealth Advisors Inc.’s holdings, making the stock its 8th largest position. Laurel Wealth Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $6,326,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SPY. TD Asset Management Inc. grew its position in SPDR S&P 500 ETF Trust by 4.5% during the second quarter. TD Asset Management Inc. now owns 12,478,128 shares of the company’s stock valued at $3,656,092,000 after purchasing an additional 540,611 shares in the last quarter. Northern Trust Corp raised its stake in SPDR S&P 500 ETF Trust by 2.3% during the 2nd quarter. Northern Trust Corp now owns 11,773,892 shares of the company’s stock valued at $3,449,751,000 after purchasing an additional 261,439 shares during the last quarter. Allianz Asset Management GmbH raised its stake in SPDR S&P 500 ETF Trust by 5.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 7,802,342 shares of the company’s stock valued at $2,286,087,000 after purchasing an additional 378,185 shares during the last quarter. Deutsche Bank AG raised its stake in SPDR S&P 500 ETF Trust by 18,310.6% during the 4th quarter. Deutsche Bank AG now owns 5,281,830 shares of the company’s stock valued at $1,320,028,000 after purchasing an additional 5,253,141 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in SPDR S&P 500 ETF Trust by 56.5% during the 2nd quarter. Mizuho Securities USA LLC now owns 4,923,326 shares of the company’s stock valued at $1,443,973,000 after purchasing an additional 1,776,784 shares during the last quarter.

NYSEARCA:SPY traded up $0.62 during trading hours on Friday, hitting $301.91. 8,527,913 shares of the company traded hands, compared to its average volume of 74,807,977. SPDR S&P 500 ETF Trust has a twelve month low of $233.76 and a twelve month high of $302.46. The firm has a 50-day moving average of $292.93 and a 200 day moving average of $288.94.

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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

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.