First Republic Investment Management Inc. increased its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 10.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,514,595 shares of the company’s stock after buying an additional 425,830 shares during the quarter. SPDR S&P 500 ETF Trust accounts for about 6.9% of First Republic Investment Management Inc.’s portfolio, making the stock its largest position. First Republic Investment Management Inc. owned approximately 0.47% of SPDR S&P 500 ETF Trust worth $1,224,719,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Hartford Financial Management Inc. purchased a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter valued at about $139,000. LifePlan Financial Group Inc grew its stake in SPDR S&P 500 ETF Trust by 48.6% during the 2nd quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock valued at $156,000 after purchasing an additional 188 shares during the last quarter. WP Advisors LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter valued at about $165,000. AllSquare Wealth Management LLC grew its stake in SPDR S&P 500 ETF Trust by 182.8% during the 1st quarter. AllSquare Wealth Management LLC now owns 642 shares of the company’s stock valued at $169,000 after purchasing an additional 415 shares during the last quarter. Finally, FC Advisory LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter valued at about $201,000.

SPDR S&P 500 ETF Trust stock opened at $291.99 on Monday. SPDR S&P 500 ETF Trust has a fifty-two week low of $248.08 and a fifty-two week high of $293.94.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th will be paid a dividend of $1.3226 per share. This represents a $5.29 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, September 21st. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.

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

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