S&P Equity Research started coverage on shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in a report published on Monday. The firm issued a $3,000.00 target price on the stock.

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $0.43 during mid-day trading on Monday, reaching $266.74. 83,077,500 shares of the company traded hands, compared to its average volume of 69,865,258. SPDR S&P 500 ETF Trust has a 1 year low of $222.73 and a 1 year high of $266.80.

A number of institutional investors have recently made changes to their positions in SPY. Shell Asset Management Co. purchased a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at about $1,228,215,000. Truepoint Inc. increased its holdings in shares of SPDR S&P 500 ETF Trust by 25,023.2% in the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after purchasing an additional 5,432,046 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of SPDR S&P 500 ETF Trust by 223.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the company’s stock valued at $757,122,000 after purchasing an additional 2,496,043 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of SPDR S&P 500 ETF Trust by 39,815.8% in the 3rd quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock valued at $591,527,000 after purchasing an additional 2,347,938 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of SPDR S&P 500 ETF Trust by 1,280.4% in the 2nd quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock valued at $497,031,000 after purchasing an additional 2,226,394 shares in the last quarter.

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SPDR S&P 500 ETF Trust Company Profile

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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