Crestwood Advisors Group LLC increased its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 6,245.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,360 shares of the exchange traded fund’s stock after buying an additional 81,062 shares during the period. SPDR S&P 500 ETF Trust accounts for 1.7% of Crestwood Advisors Group LLC’s holdings, making the stock its 21st largest position. Crestwood Advisors Group LLC’s holdings in SPDR S&P 500 ETF Trust were worth $20,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPY. Garde Capital Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 287.5% in the second quarter. Garde Capital Inc. now owns 9,404 shares of the exchange traded fund’s stock worth $2,274,000 after buying an additional 6,977 shares during the last quarter. Dock Street Asset Management Inc. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter worth about $441,000. Washington Capital Management Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 5.6% in the second quarter. Washington Capital Management Inc. now owns 9,369 shares of the exchange traded fund’s stock worth $2,265,000 after buying an additional 499 shares during the last quarter. Enterprise Financial Services Corp raised its stake in shares of SPDR S&P 500 ETF Trust by 29.1% in the second quarter. Enterprise Financial Services Corp now owns 11,805 shares of the exchange traded fund’s stock worth $2,854,000 after buying an additional 2,662 shares during the last quarter. Finally, Verus Financial Partners Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 3.8% in the second quarter. Verus Financial Partners Inc. now owns 1,230 shares of the exchange traded fund’s stock worth $297,000 after buying an additional 45 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 244.12 on Friday. The stock’s 50 day moving average price is $244.99 and its 200-day moving average price is $238.95. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $248.91. SPDR S&P 500 ETF Trust also was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 1,798,225 put options on the company. This represents an increase of 150% compared to the typical volume of 718,356 put options.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a $1.1831 dividend. The ex-dividend date of this dividend was Friday, June 16th. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. This represents a $4.73 dividend on an annualized basis and a yield of 1.94%.

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Separately, Goldman Sachs Group, Inc. (The) lifted their target price on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research 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.

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

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