Busey Trust CO lowered its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 80,112 shares of the exchange traded fund’s stock after selling 429 shares during the period. SPDR S&P 500 ETF Trust comprises about 2.7% of Busey Trust CO’s investment portfolio, making the stock its 7th largest position. Busey Trust CO’s holdings in SPDR S&P 500 ETF Trust were worth $19,371,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV increased its position 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 during the last quarter. Park Avenue Securities LLC bought a new position in SPDR S&P 500 ETF Trust during the second quarter valued at about $336,000. Mcrae Capital Management Inc. increased its position 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 during the last quarter. Barnett & Company Inc. increased its position 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 during the last quarter. Finally, SPC Financial Inc. increased its position 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 during the last quarter.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were given a $1.1831 dividend. The ex-dividend date of this dividend was Friday, June 16th. 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 dividend yield of 1.91%.

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Separately, Goldman Sachs Group, Inc. (The) boosted their price objective on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a 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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