Traders sold shares of SPDR S&P 500 ETF Trust (NYSE:SPY) on strength during trading hours on Wednesday. $1,279.46 million flowed into the stock on the tick-up and $1,395.58 million flowed out of the stock on the tick-down, for a money net flow of $116.12 million out of the stock. Of all companies tracked, SPDR S&P 500 ETF Trust had the 3rd highest net out-flow for the day. SPDR S&P 500 ETF Trust traded up $0.09 for the day and closed at $250.06

Separately, Goldman Sachs Group, Inc. (The) upped their target price on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a report on Wednesday, June 28th.

The company’s 50-day moving average price is $246.63 and its 200 day moving average price is $241.70.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, September 18th will be given a $1.2346 dividend. This represents a $4.94 annualized dividend and a dividend yield of 1.97%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Friday, September 15th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPY. Northwestern Mutual Investment Management Company LLC raised its position in shares of SPDR S&P 500 ETF Trust by 223.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the exchange traded fund’s stock worth $757,122,000 after acquiring an additional 2,496,043 shares in the last quarter. Bank of Nova Scotia raised its position in shares of SPDR S&P 500 ETF Trust by 1,280.4% in the 2nd quarter. Bank of Nova Scotia now owns 2,052,507 shares of the exchange traded fund’s stock worth $497,031,000 after acquiring an additional 2,226,394 shares in the last quarter. Private Vista LLC raised its position in shares of SPDR S&P 500 ETF Trust by 24,630.0% in the 2nd quarter. Private Vista LLC now owns 2,005,105 shares of the exchange traded fund’s stock worth $399,000 after acquiring an additional 1,996,997 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of SPDR S&P 500 ETF Trust by 24,242.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock worth $6,724,000 after acquiring an additional 1,619,184 shares in the last quarter. Finally, White Mountains Advisors LLC raised its position in shares of SPDR S&P 500 ETF Trust by 97.7% in the 2nd quarter. White Mountains Advisors LLC now owns 2,318,285 shares of the exchange traded fund’s stock worth $560,561,000 after acquiring an additional 1,145,906 shares in the last quarter.

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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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