Berkshire Asset Management LLC PA cut its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,725 shares of the exchange traded fund’s stock after selling 1,450 shares during the period. Berkshire Asset Management LLC PA’s holdings in SPDR S&P 500 ETF Trust were worth $5,011,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenleaf Trust increased its position in shares of SPDR S&P 500 ETF Trust by 3.3% in the second quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock valued at $2,702,000 after buying an additional 354 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in shares of SPDR S&P 500 ETF Trust by 6.4% in the second quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock valued at $19,093,000 after buying an additional 4,761 shares in the last quarter. Finally, Osborne Partners Capital Management LLC increased its position in shares of SPDR S&P 500 ETF Trust by 0.4% in the second quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock valued at $31,257,000 after buying an additional 577 shares in the last quarter.
SPDR S&P 500 ETF Trust (NYSE SPY) traded up 0.15% on Friday, hitting $244.12. 74,869,947 shares of the company’s stock traded hands. SPDR S&P 500 ETF Trust has a one year low of $208.38 and a one year high of $248.91. The stock has a 50-day moving average of $244.99 and a 200-day moving average of $238.95. SPDR S&P 500 ETF Trust also was the recipient of unusually large options trading activity on Thursday. Traders acquired 1,798,225 put options on the company. This represents an increase of 150% compared to the average volume of 718,356 put options.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were given a dividend of $1.1831 per share. 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. This represents a $4.73 dividend on an annualized basis and a yield of 1.94%.
Separately, Goldman Sachs Group, Inc. (The) upped their target price on shares of 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.
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