JMG Financial Group Ltd. lifted its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 286,831 shares of the company’s stock after purchasing an additional 3,173 shares during the period. SPDR S&P 500 ETF Trust accounts for about 9.0% of JMG Financial Group Ltd.’s portfolio, making the stock its 3rd largest position. JMG Financial Group Ltd.’s holdings in SPDR S&P 500 ETF Trust were worth $84,041,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Murphy Pohlad Asset Management LLC bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $33,000. Camarda Financial Advisors LLC bought a new position in SPDR S&P 500 ETF Trust during the second quarter worth about $51,000. Riverview Trust Co bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $46,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter worth about $55,000. Finally, Contravisory Investment Management Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 43.2% during the second quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after purchasing an additional 73 shares during the period.
Shares of NYSEARCA SPY traded up $4.20 during mid-day trading on Friday, reaching $288.85. 83,018,300 shares of the company’s stock were exchanged, compared to its average volume of 75,865,133. The business has a fifty day simple moving average of $295.79 and a 200 day simple moving average of $286.72. SPDR S&P 500 ETF Trust has a twelve month low of $233.76 and a twelve month high of $302.23.
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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