Parsec Financial Management Inc. lowered its position in SPDR S&P 500 ETF Trust (NYSE:SPY) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 7,399 shares of the exchange traded fund’s stock after selling 121 shares during the period. Parsec Financial Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,789,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Papp L Roy & Associates acquired a new position in SPDR S&P 500 ETF Trust during the second quarter worth approximately $223,000. Investors Asset Management of Georgia Inc. GA ADV boosted 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 worth $286,000 after buying an additional 4 shares during the last quarter. World Asset Management Inc acquired a new position in SPDR S&P 500 ETF Trust during the second quarter worth approximately $316,000. Park Avenue Securities LLC acquired a new position in SPDR S&P 500 ETF Trust during the second quarter worth approximately $336,000. Finally, Mcrae Capital Management Inc. boosted 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 worth $340,000 after buying an additional 13 shares during the last quarter.

SPDR S&P 500 ETF Trust (SPY) opened at 244.12 on Friday. The company’s 50-day moving average price is $244.99 and its 200-day moving average price is $238.95. SPDR S&P 500 ETF Trust has a 12-month low of $208.38 and a 12-month high of $248.91. SPDR S&P 500 ETF Trust also was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 1,798,225 put options on the company. This is an increase of 150% compared to the average daily volume of 718,356 put options.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were given a dividend of $1.1831 per share. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. 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.

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