Retirement Systems of Alabama boosted its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 345,592 shares of the exchange traded fund’s stock after buying an additional 11,144 shares during the period. Retirement Systems of Alabama’s holdings in SPDR S&P 500 ETF Trust were worth $83,564,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in SPDR S&P 500 ETF Trust by 3.9% in the second quarter. Sei Investments Co. now owns 2,265,949 shares of the exchange traded fund’s stock valued at $547,907,000 after buying an additional 84,862 shares in the last quarter. Harbour Capital Advisors LLC raised its position in SPDR S&P 500 ETF Trust by 24,242.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock valued at $6,724,000 after buying an additional 1,619,184 shares in the last quarter. ING Groep NV raised its position in SPDR S&P 500 ETF Trust by 52.2% in the second quarter. ING Groep NV now owns 1,422,875 shares of the exchange traded fund’s stock valued at $344,051,000 after buying an additional 487,784 shares in the last quarter. Sanders Capital LLC raised its position in SPDR S&P 500 ETF Trust by 24.3% in the second quarter. Sanders Capital LLC now owns 827,342 shares of the exchange traded fund’s stock valued at $200,051,000 after buying an additional 161,605 shares in the last quarter. Finally, Axel Capital Management LLC raised its position 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 valued at $133,297,000 after buying an additional 87,000 shares in the last quarter.

SPDR S&P 500 ETF Trust (NYSE SPY) opened at 246.54 on Tuesday. SPDR S&P 500 ETF Trust has a 52-week low of $208.38 and a 52-week high of $248.91. The stock’s 50 day moving average is $245.09 and its 200 day moving average is $239.23.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were issued a dividend of $1.1831 per share. The ex-dividend date 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 dividend yield of 1.92%.

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Separately, Goldman Sachs Group, Inc. (The) upped their price target 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.

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

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