SPDR S&P 500 ETF Trust (NYSE:SPY) Stake Reduced by Accuvest Global Advisors

Accuvest Global Advisors reduced its position in SPDR S&P 500 ETF Trust (NYSE:SPY) by 33.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 200,652 shares of the exchange traded fund’s stock after selling 102,084 shares during the period. SPDR S&P 500 ETF Trust comprises about 16.1% of Accuvest Global Advisors’ holdings, making the stock its largest position. Accuvest Global Advisors’ holdings in SPDR S&P 500 ETF Trust were worth $48,518,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Harbour Capital Advisors LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 24,242.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock worth $6,724,000 after buying an additional 1,619,184 shares during the last quarter. ING Groep NV boosted its stake in shares of SPDR S&P 500 ETF Trust by 52.2% in the second quarter. ING Groep NV now owns 1,422,875 shares of the exchange traded fund’s stock worth $344,051,000 after buying an additional 487,784 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 24.3% in the second quarter. Sanders Capital LLC now owns 827,342 shares of the exchange traded fund’s stock worth $200,051,000 after buying an additional 161,605 shares during the last quarter. CTC LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 164.4% in the second quarter. CTC LLC now owns 248,205 shares of the exchange traded fund’s stock worth $59,904,000 after buying an additional 154,334 shares during the last quarter. Finally, Axel Capital Management LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 18.7% in the second quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock worth $133,297,000 after buying an additional 87,000 shares during the last quarter.

SPDR S&P 500 ETF Trust (NYSE SPY) traded down 0.16% during trading on Friday, reaching $242.71. 136,747,986 shares of the company traded hands. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $248.91. The company’s 50-day moving average is $245.37 and its 200 day moving average is $239.54.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were given a dividend of $1.1831 per share. This represents a $4.73 dividend on an annualized basis and a yield of 1.95%. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, June 16th.

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Separately, Goldman Sachs Group, Inc. (The) boosted 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.

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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