Ballentine Partners LLC boosted its position in SPDR S&P 500 ETF Trust (NYSE:SPY) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 281,065 shares of the exchange traded fund’s stock after buying an additional 21,661 shares during the period. SPDR S&P 500 ETF Trust makes up approximately 5.1% of Ballentine Partners LLC’s investment portfolio, making the stock its 5th largest position. Ballentine Partners LLC’s holdings in SPDR S&P 500 ETF Trust were worth $69,414,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CKW Financial Group raised its stake in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 2 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. Parkside Financial Bank & Trust raised its stake 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 worth $780,000 after buying an additional 16 shares in the last quarter. Finally, Endurance Wealth Management Inc. raised its stake in SPDR S&P 500 ETF Trust by 0.9% in the second quarter. Endurance Wealth Management Inc. now owns 2,584 shares of the exchange traded fund’s stock worth $625,000 after buying an additional 24 shares in the last quarter.

SPDR S&P 500 ETF Trust (SPY) opened at 244.57 on Tuesday. SPDR S&P 500 ETF Trust has a 1-year low of $208.38 and a 1-year high of $248.91. The company has a 50-day moving average of $245.61 and a 200-day moving average of $240.12.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were paid a $1.1831 dividend. 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 annualized dividend and a dividend yield of 1.93%.

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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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