Fayez Sarofim & Co Has $211,000 Stake in SPDR S&P 500 ETF Trust (SPY)

Fayez Sarofim & Co reduced its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 67.4% during the first quarter, HoldingsChannel reports. The firm owned 800 shares of the company’s stock after selling 1,654 shares during the period. Fayez Sarofim & Co’s holdings in SPDR S&P 500 ETF Trust were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independence Bank of Kentucky bought a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $100,000. Tradewinds Capital Management LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 382 shares of the company’s stock valued at $101,000 after purchasing an additional 191 shares in the last quarter. Keeler Thomas Management LLC bought a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $133,000. Icon Wealth Partners LLC bought a new stake in SPDR S&P 500 ETF Trust in the fourth quarter worth about $133,000. Finally, Premia Global Advisors LLC bought a new stake in SPDR S&P 500 ETF Trust in the fourth quarter worth about $144,000.

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Shares of SPDR S&P 500 ETF Trust opened at $278.19 on Friday, MarketBeat Ratings reports. SPDR S&P 500 ETF Trust has a 52 week low of $239.96 and a 52 week high of $286.63.

SPDR S&P 500 ETF Trust 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.

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)

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