Braun Stacey Associates Inc. reduced its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 28,068 shares of the exchange traded fund’s stock after selling 797 shares during the period. Braun Stacey Associates Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $6,787,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in 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 valued at $286,000 after buying an additional 4 shares in the last quarter. Park Avenue Securities LLC bought a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at approximately $336,000. Mcrae Capital Management Inc. boosted its stake in 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 valued at $340,000 after buying an additional 13 shares in the last quarter. Barnett & Company Inc. boosted its stake in SPDR S&P 500 ETF Trust by 279.7% in the second quarter. Barnett & Company Inc. now owns 1,424 shares of the exchange traded fund’s stock valued at $344,000 after buying an additional 1,049 shares in the last quarter. Finally, SPC Financial Inc. boosted its stake in SPDR S&P 500 ETF Trust by 42.3% in the second quarter. SPC Financial Inc. now owns 1,707 shares of the exchange traded fund’s stock valued at $413,000 after buying an additional 507 shares in the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) opened at 247.25 on Thursday. SPDR S&P 500 ETF Trust has a 12-month low of $208.38 and a 12-month high of $248.91. The company has a 50 day moving average price of $244.93 and a 200 day moving average price of $238.79.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were paid a $1.1831 dividend. The ex-dividend date was Friday, June 16th. This represents a $4.73 dividend on an annualized basis 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.

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Separately, Goldman Sachs Group, Inc. (The) increased their price target 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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