Capstone Financial Advisors Inc. cut its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 19.8% during the second quarter, HoldingsChannel reports. The firm owned 6,079 shares of the company’s stock after selling 1,505 shares during the period. SPDR S&P 500 ETF Trust makes up 0.5% of Capstone Financial Advisors Inc.’s holdings, making the stock its 18th biggest holding. Capstone Financial Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. acquired a new stake in SPDR S&P 500 ETF Trust in the second quarter valued at approximately $139,000. LifePlan Financial Group Inc boosted its stake in SPDR S&P 500 ETF Trust by 48.6% in the second quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock valued at $156,000 after acquiring an additional 188 shares in the last quarter. WP Advisors LLC acquired a new stake in SPDR S&P 500 ETF Trust in the second quarter valued at approximately $165,000. AllSquare Wealth Management LLC boosted its stake in SPDR S&P 500 ETF Trust by 182.8% in the first quarter. AllSquare Wealth Management LLC now owns 642 shares of the company’s stock valued at $169,000 after acquiring an additional 415 shares in the last quarter. Finally, FC Advisory LLC acquired a new stake in SPDR S&P 500 ETF Trust in the second quarter valued at approximately $201,000.

Shares of SPY opened at $290.69 on Friday. SPDR S&P 500 ETF Trust has a twelve month low of $249.63 and a twelve month high of $293.94.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th will be paid a $1.3226 dividend. This represents a $5.29 annualized dividend and a yield of 1.82%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. The ex-dividend date is Friday, September 21st.

SPDR S&P 500 ETF Trust Company Profile

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.

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

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