TIG Advisors LLC trimmed its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 60.4% during the second quarter, Holdings Channel.com reports. The firm owned 19,000 shares of the company’s stock after selling 28,958 shares during the period. TIG Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $5,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPY. Camarda Financial Advisors LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at $51,000. Contravisory Investment Management Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 43.2% in the 2nd 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 last quarter. Founders Capital Management grew its position in shares of SPDR S&P 500 ETF Trust by 23.2% in the 2nd quarter. Founders Capital Management now owns 260 shares of the company’s stock valued at $76,000 after buying an additional 49 shares during the last quarter. Arbor Wealth Management LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter valued at $66,000. Finally, Paragon Capital Management LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the 1st quarter valued at $79,000.

Shares of NYSEARCA SPY traded down $2.29 during mid-day trading on Friday, reaching $298.79. The company had a trading volume of 54,215,653 shares, compared to its average volume of 74,484,617. The firm has a 50 day simple moving average of $292.88 and a two-hundred day simple moving average of $289.69. SPDR S&P 500 ETF Trust has a 52-week low of $233.76 and a 52-week high of $302.63.

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

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