Traynor Capital Management Inc. Trims Stock Position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Traynor Capital Management Inc. cut its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 37.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,258 shares of the company’s stock after selling 1,354 shares during the period. Traynor Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in SPDR S&P 500 ETF Trust by 18,310.6% in the fourth quarter. Deutsche Bank AG now owns 5,281,830 shares of the company’s stock valued at $1,320,028,000 after purchasing an additional 5,253,141 shares during the last quarter. Gladius Capital Management LP boosted its holdings in SPDR S&P 500 ETF Trust by 200.7% in the fourth quarter. Gladius Capital Management LP now owns 2,051,652 shares of the company’s stock valued at $512,749,000 after purchasing an additional 4,090,042 shares during the last quarter. TD Asset Management Inc. boosted its holdings in SPDR S&P 500 ETF Trust by 21.1% in the fourth quarter. TD Asset Management Inc. now owns 13,965,624 shares of the company’s stock valued at $3,490,288,000 after purchasing an additional 2,431,945 shares during the last quarter. Hartford Investment Management Co. boosted its holdings in SPDR S&P 500 ETF Trust by 532.4% in the fourth quarter. Hartford Investment Management Co. now owns 1,255,380 shares of the company’s stock valued at $313,745,000 after purchasing an additional 1,056,880 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in SPDR S&P 500 ETF Trust by 484.8% in the fourth quarter. Bessemer Group Inc. now owns 1,098,688 shares of the company’s stock valued at $274,583,000 after purchasing an additional 910,812 shares during the last quarter.

Shares of SPY stock traded up $2.66 during mid-day trading on Monday, hitting $295.66. 78,253,273 shares of the stock were exchanged, compared to its average volume of 76,534,867. The stock’s fifty day moving average price is $286.70. SPDR S&P 500 ETF Trust has a 52-week low of $233.76 and a 52-week high of $296.92.

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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