IPG Investment Advisors LLC lowered its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 23.0% during the second quarter, Holdings Channel reports. The fund owned 12,239 shares of the exchange traded fund’s stock after selling 3,652 shares during the period. SPDR S&P 500 ETF Trust accounts for approximately 1.2% of IPG Investment Advisors LLC’s holdings, making the stock its 25th largest position. IPG Investment Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $2,959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SPY. Osborne Partners Capital Management LLC boosted its stake in SPDR S&P 500 ETF Trust by 0.4% in the second quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock worth $31,257,000 after buying an additional 577 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in SPDR S&P 500 ETF Trust by 6.4% in the second quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock worth $19,093,000 after buying an additional 4,761 shares in the last quarter. Greenleaf Trust boosted its stake in SPDR S&P 500 ETF Trust by 3.3% in the second quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock worth $2,702,000 after buying an additional 354 shares in the last quarter. Axel Capital Management LLC boosted its stake in SPDR S&P 500 ETF Trust by 18.7% in the second quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock worth $133,297,000 after buying an additional 87,000 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. boosted its stake in SPDR S&P 500 ETF Trust by 2.1% in the second quarter. Appropriate Balance Financial Services Inc. now owns 22,812 shares of the exchange traded fund’s stock worth $94,343,000 after buying an additional 469 shares in the last quarter.

SPDR S&P 500 ETF Trust (SPY) opened at 244.12 on Friday. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $248.91. The company has a 50 day moving average of $244.99 and a 200 day moving average of $238.95. SPDR S&P 500 ETF Trust also was the recipient of unusually large options trading on Thursday. Stock traders purchased 1,798,225 put options on the stock. This represents an increase of approximately 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. Shareholders of record on Tuesday, June 20th were given a $1.1831 dividend. This is a boost 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 yield of 1.94%.

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Separately, Goldman Sachs Group, Inc. (The) increased their price objective on shares of 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.

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSE:SPY).

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

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