Lee Financial Co Sells 2,285 Shares of SPDR S&P 500 ETF Trust (SPY)

Lee Financial Co cut its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 64.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,256 shares of the exchange traded fund’s stock after selling 2,285 shares during the period. Lee Financial Co’s holdings in SPDR S&P 500 ETF Trust were worth $304,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Investors Asset Management of Georgia Inc. GA ADV raised 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 worth $286,000 after buying an additional 4 shares during the period. Park Avenue Securities LLC acquired a new stake in SPDR S&P 500 ETF Trust during the second quarter worth about $336,000. Mcrae Capital Management Inc. raised 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 worth $340,000 after buying an additional 13 shares during the period. SPC Financial Inc. raised 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 worth $413,000 after buying an additional 507 shares during the period. Finally, Mraz Amerine & Associates Inc. raised 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 worth $432,000 after buying an additional 300 shares during the period.

SPDR S&P 500 ETF Trust (NYSE SPY) traded down 0.16% during midday trading on Friday, reaching $242.71. 136,740,498 shares of the company’s stock were exchanged. SPDR S&P 500 ETF Trust has a 52 week low of $208.38 and a 52 week high of $248.91. The stock’s 50 day moving average is $245.33 and its 200 day moving average is $239.44.

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

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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 report 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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