Traders sold shares of SPDR S&P 500 ETF Trust (NYSE:SPY) on strength during trading on Monday. $1,099.80 million flowed into the stock on the tick-up and $2,029.81 million flowed out of the stock on the tick-down, for a money net flow of $930.01 million out of the stock. Of all equities tracked, SPDR S&P 500 ETF Trust had the highest net out-flow for the day. SPDR S&P 500 ETF Trust traded up $0.35 for the day and closed at $247.84

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

The firm has a 50-day moving average of $246.05 and a 200-day moving average of $240.67.

Institutional investors have recently modified their holdings of the company. CKW Financial Group raised its stake in shares of SPDR S&P 500 ETF Trust by 0.3% in the second quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 2 shares during the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of SPDR S&P 500 ETF Trust by 68.8% during the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the exchange traded fund’s stock valued at $163,000 after acquiring an additional 275 shares during the last quarter. Almanack Investment Partners LLC. increased its position in shares of SPDR S&P 500 ETF Trust by 2.6% during the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the exchange traded fund’s stock valued at $170,000 after acquiring an additional 18 shares during the last quarter. Logan Capital Management Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter valued at approximately $201,000. Finally, Goodman Financial Corp purchased a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter valued at approximately $203,000.

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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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