BKS Advisors LLC cut its holdings in SPDR S&P 500 ETF Trust (NYSE:SPY) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,184 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. BKS Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $1,012,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. BSW Wealth Partners boosted its stake in SPDR S&P 500 ETF Trust by 3.0% during the second quarter. BSW Wealth Partners now owns 75,512 shares of the exchange traded fund’s stock worth $18,259,000 after buying an additional 2,198 shares during the period. Motco boosted its stake in SPDR S&P 500 ETF Trust by 10.3% during the second quarter. Motco now owns 7,138 shares of the exchange traded fund’s stock worth $1,726,000 after buying an additional 669 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in SPDR S&P 500 ETF Trust by 18.8% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 910 shares of the exchange traded fund’s stock worth $221,000 after buying an additional 144 shares during the period. Private Ocean LLC boosted its stake in SPDR S&P 500 ETF Trust by 1.1% during the second quarter. Private Ocean LLC now owns 3,461 shares of the exchange traded fund’s stock worth $837,000 after buying an additional 38 shares during the period. Finally, Evergreen Capital Management LLC purchased a new position in SPDR S&P 500 ETF Trust during the second quarter worth $2,231,000.

SPDR S&P 500 ETF Trust (NYSE SPY) opened at 249.19 on Friday. The firm’s 50-day moving average is $246.46 and its 200 day moving average is $241.49. SPDR S&P 500 ETF Trust has a 1-year low of $208.38 and a 1-year high of $250.32.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, September 18th will be paid a $1.2346 dividend. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. This represents a $4.94 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, September 15th.

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

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SPDR S&P 500 ETF Trust 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.

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

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