Sandy Spring Bank lowered its position in SPDR S&P 500 ETF Trust (NYSE:SPY) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,774 shares of the exchange traded fund’s stock after selling 7,171 shares during the quarter. SPDR S&P 500 ETF Trust accounts for approximately 4.1% of Sandy Spring Bank’s holdings, making the stock its 3rd biggest holding. Sandy Spring Bank’s holdings in SPDR S&P 500 ETF Trust were worth $41,535,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CKW Financial Group raised its stake in shares of SPDR S&P 500 ETF Trust by 0.3% in the 2nd quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock valued at $147,000 after purchasing an additional 2 shares in the last quarter. Almanack Investment Partners LLC. raised its stake in shares of SPDR S&P 500 ETF Trust by 2.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the exchange traded fund’s stock valued at $170,000 after purchasing an additional 18 shares in the last quarter. Goodman Financial Corp acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at about $203,000. Regal Wealth Group Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 0.5% in the 2nd quarter. Regal Wealth Group Inc. now owns 849 shares of the exchange traded fund’s stock valued at $205,000 after purchasing an additional 4 shares in the last quarter. Finally, iAB Financial Bank acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at about $206,000.

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

Shares of SPDR S&P 500 ETF Trust (SPY) opened at 254.37 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $208.38 and a 52 week high of $254.70. The stock has a 50 day moving average of $248.45 and a 200-day moving average of $242.92.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, September 18th will be issued a $1.2346 dividend. The ex-dividend date is Friday, September 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. This represents a $4.94 dividend on an annualized basis and a yield of 1.94%.

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SPDR S&P 500 ETF Trust 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 (NYSE:SPY)

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