Hollencrest Capital Management Sells 6,178 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Hollencrest Capital Management lowered its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 457,833 shares of the company’s stock after selling 6,178 shares during the period. SPDR S&P 500 ETF Trust accounts for approximately 16.6% of Hollencrest Capital Management’s portfolio, making the stock its biggest position. Hollencrest Capital Management’s holdings in SPDR S&P 500 ETF Trust were worth $135,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPY. Camarda Financial Advisors LLC purchased a new stake in SPDR S&P 500 ETF Trust in the second quarter valued at approximately $51,000. Atwater Malick LLC purchased a new stake in SPDR S&P 500 ETF Trust in the third quarter valued at approximately $70,000. Contravisory Investment Management Inc. boosted its position in SPDR S&P 500 ETF Trust by 43.2% in the second 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 boosted its position in SPDR S&P 500 ETF Trust by 23.2% in the second 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. Finally, Financial Advantage Inc. purchased a new stake in SPDR S&P 500 ETF Trust in the third quarter valued at approximately $81,000.

NYSEARCA SPY traded down $0.25 during trading hours on Thursday, reaching $299.63. The stock had a trading volume of 1,971,853 shares, compared to its average volume of 73,758,594. The stock has a fifty day moving average of $296.83 and a 200 day moving average of $292.31. SPDR S&P 500 ETF Trust has a 52-week low of $233.76 and a 52-week high of $302.63.

The company also recently announced a — dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a $1.3836 dividend. The ex-dividend date is Friday, September 20th. This represents a yield of 1.8%.

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.

See Also: Straddles

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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