Heritage Wealth Advisors Cuts Position in SPDR S&P 500 ETF Trust (SPY)

Heritage Wealth Advisors reduced its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,925 shares of the exchange traded fund’s stock after selling 75 shares during the period. SPDR S&P 500 ETF Trust accounts for 2.1% of Heritage Wealth Advisors’ investment portfolio, making the stock its 8th largest position. Heritage Wealth Advisors’ holdings in SPDR S&P 500 ETF Trust were worth $4,093,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Investors Asset Management of Georgia Inc. GA ADV increased 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 in the last quarter. Mcrae Capital Management Inc. increased 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 valued at $340,000 after buying an additional 13 shares during the period. Parkside Financial Bank & Trust increased its position in SPDR S&P 500 ETF Trust by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 3,229 shares of the exchange traded fund’s stock valued at $780,000 after buying an additional 16 shares during the period. Capital City Trust Co. FL increased its position in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. Capital City Trust Co. FL now owns 8,914 shares of the exchange traded fund’s stock valued at $2,155,000 after buying an additional 29 shares during the period. Finally, Investment Counsel Inc. increased its position in SPDR S&P 500 ETF Trust by 1.1% in the second quarter. Investment Counsel Inc. now owns 5,464 shares of the exchange traded fund’s stock valued at $1,321,000 after buying an additional 60 shares during the period.

Shares of SPDR S&P 500 ETF Trust (SPY) traded down 0.16% during trading on Friday, reaching $242.71. 136,740,198 shares of the company were exchanged. SPDR S&P 500 ETF Trust has a 1-year low of $208.38 and a 1-year high of $248.91. The stock’s 50 day moving average is $245.33 and its 200 day moving average is $239.44.

The business also recently announced 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. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, June 16th. This represents a $4.73 dividend on an annualized basis and a dividend yield of 1.95%.

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

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.

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

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