Edge Wealth Management LLC Raises Stake in SPDR S&P 500 ETF Trust (NYSE:SPY)

Edge Wealth Management LLC boosted its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,580 shares of the exchange traded fund’s stock after buying an additional 1 shares during the period. Edge Wealth Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $383,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV increased its stake 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 valued at $286,000 after buying an additional 4 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at about $336,000. Mcrae Capital Management Inc. increased its stake 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 in the last quarter. SPC Financial Inc. increased its stake in SPDR S&P 500 ETF Trust by 42.3% in the second quarter. SPC Financial Inc. now owns 1,707 shares of the exchange traded fund’s stock valued at $413,000 after buying an additional 507 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. increased its stake in SPDR S&P 500 ETF Trust by 20.2% in the second quarter. Mraz Amerine & Associates Inc. now owns 1,788 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 300 shares in 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. The company’s 50-day moving average is $245.37 and its 200 day moving average is $239.54. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $248.91.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were issued a dividend of $1.1831 per share. 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%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03.

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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 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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