Garde Capital Inc. increased its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 287.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,404 shares of the exchange traded fund’s stock after buying an additional 6,977 shares during the period. SPDR S&P 500 ETF Trust makes up about 0.6% of Garde Capital Inc.’s portfolio, making the stock its 29th largest position. Garde Capital Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $2,274,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SPY. Harbour Capital Advisors LLC raised its position in SPDR S&P 500 ETF Trust by 24,242.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock valued at $6,724,000 after buying an additional 1,619,184 shares during the last quarter. ING Groep NV raised its position in SPDR S&P 500 ETF Trust by 52.2% in the second quarter. ING Groep NV now owns 1,422,875 shares of the exchange traded fund’s stock valued at $344,051,000 after buying an additional 487,784 shares during the last quarter. Sanders Capital LLC raised its position in SPDR S&P 500 ETF Trust by 24.3% in the second quarter. Sanders Capital LLC now owns 827,342 shares of the exchange traded fund’s stock valued at $200,051,000 after buying an additional 161,605 shares during the last quarter. Axel Capital Management LLC raised its position in 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, DT Investment Partners LLC raised its position in SPDR S&P 500 ETF Trust by 8.1% in the second quarter. DT Investment Partners LLC now owns 443,134 shares of the exchange traded fund’s stock valued at $107,150,000 after buying an additional 33,019 shares during the last quarter.

SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 244.12 on Friday. The firm has a 50-day moving average price of $244.99 and a 200 day moving average price of $238.95. SPDR S&P 500 ETF Trust has a 1-year low of $208.38 and a 1-year high of $248.91. SPDR S&P 500 ETF Trust also was the recipient of some unusual options trading on Thursday. Stock traders bought 1,798,225 put options on the company. This represents an increase of approximately 150% compared to the typical daily volume of 718,356 put options.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were given a $1.1831 dividend. This represents a $4.73 dividend on an annualized basis and a dividend yield of 1.94%. 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.

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Separately, Goldman Sachs Group, Inc. (The) increased their target price on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research note 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.

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

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