Telos Capital Management Inc. cut its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 8.1% during the second quarter, Holdings Channel reports. The firm owned 2,734 shares of the exchange traded fund’s stock after selling 241 shares during the period. Telos Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SPY. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of SPDR S&P 500 ETF Trust by 0.3% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,183 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 4 shares during the last quarter. Mcrae Capital Management Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust by 0.9% in the second quarter. Mcrae Capital Management Inc. now owns 1,405 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 13 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of SPDR S&P 500 ETF Trust by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 3,229 shares of the exchange traded fund’s stock worth $780,000 after buying an additional 16 shares during the last quarter. Capital City Trust Co. FL boosted its stake in shares of SPDR S&P 500 ETF Trust by 0.3% in the second quarter. Capital City Trust Co. FL now owns 8,914 shares of the exchange traded fund’s stock worth $2,155,000 after buying an additional 29 shares during the last quarter. Finally, Investment Counsel Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust by 1.1% in the second quarter. Investment Counsel Inc. now owns 5,464 shares of the exchange traded fund’s stock worth $1,321,000 after buying an additional 60 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 247.26 on Wednesday. SPDR S&P 500 ETF Trust has a one year low of $208.38 and a one year high of $248.91. The stock’s 50 day moving average price is $244.59 and its 200-day moving average price is $238.25.

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

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

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.

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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