Exchange Capital Management Inc. lowered its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 7,554 shares of the exchange traded fund’s stock after selling 114 shares during the period. Exchange Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,827,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Osborne Partners Capital Management LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 0.4% in the second quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock valued at $31,257,000 after buying an additional 577 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of SPDR S&P 500 ETF Trust by 6.4% in the second quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock valued at $19,093,000 after buying an additional 4,761 shares during the last quarter. Greenleaf Trust boosted its stake in shares of SPDR S&P 500 ETF Trust by 3.3% in the second quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock valued at $2,702,000 after buying an additional 354 shares during the last quarter. Axel Capital Management LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 18.7% in the second quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock valued at $133,297,000 after buying an additional 87,000 shares during the last quarter. Finally, Appropriate Balance Financial Services Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust by 2.1% in the second quarter. Appropriate Balance Financial Services Inc. now owns 22,812 shares of the exchange traded fund’s stock valued at $94,343,000 after buying an additional 469 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) opened at 247.87 on Tuesday. The firm’s 50-day moving average is $244.32 and its 200 day moving average is $238.05. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $248.00.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were paid a dividend of $1.1831 per share. This represents a $4.73 annualized dividend and a yield of 1.91%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, June 16th.

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Separately, Goldman Sachs Group, Inc. (The) increased their price target on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research report on Wednesday, June 28th.

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.

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 (NYSE:SPY).

Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSE:SPY)

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