Comerica Securities Inc. trimmed its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,648 shares of the company’s stock after selling 362 shares during the period. SPDR S&P 500 ETF Trust makes up about 1.1% of Comerica Securities Inc.’s holdings, making the stock its 9th largest holding. Comerica Securities Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $9,242,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPY. Cornerstone Advisors Inc. increased its position in SPDR S&P 500 ETF Trust by 1.5% in the second quarter. Cornerstone Advisors Inc. now owns 35,735 shares of the company’s stock worth $9,694,000 after buying an additional 530 shares in the last quarter. North Star Investment Management Corp. increased its position in SPDR S&P 500 ETF Trust by 7.7% in the second quarter. North Star Investment Management Corp. now owns 54,418 shares of the company’s stock worth $14,763,000 after buying an additional 3,911 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in SPDR S&P 500 ETF Trust by 9.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 188,875 shares of the company’s stock worth $36,966,000 after buying an additional 16,744 shares in the last quarter. MCF Advisors LLC increased its position in SPDR S&P 500 ETF Trust by 4.0% in the second quarter. MCF Advisors LLC now owns 300,598 shares of the company’s stock worth $81,546,000 after buying an additional 11,473 shares in the last quarter. Finally, FCG Advisors LLC increased its position in SPDR S&P 500 ETF Trust by 8.1% in the second quarter. FCG Advisors LLC now owns 26,264 shares of the company’s stock worth $7,125,000 after buying an additional 1,966 shares in the last quarter.

Shares of SPY opened at $265.02 on Thursday. SPDR S&P 500 ETF Trust has a 52 week low of $252.92 and a 52 week high of $293.94.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th were given a $1.3226 dividend. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. The ex-dividend date was Friday, September 21st. This represents a $5.29 dividend on an annualized basis and a yield of 2.00%.

WARNING: “Comerica Securities Inc. Decreases Holdings in SPDR S&P 500 ETF Trust (SPY)” was published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/11/22/comerica-securities-inc-decreases-holdings-in-spdr-sp-500-etf-trust-spy.html.

About SPDR S&P 500 ETF Trust

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.

See Also: Why is the ex-dividend date different from the record date?

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 (NYSEARCA:SPY).

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

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.