Peak Asset Management LLC reduced its position in SPDR S&P 500 ETF Trust (NYSE:SPY) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 25,337 shares of the exchange traded fund’s stock after selling 1,030 shares during the period. SPDR S&P 500 ETF Trust comprises 2.3% of Peak Asset Management LLC’s investment portfolio, making the stock its 15th largest position. Peak Asset Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $6,126,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its position in SPDR S&P 500 ETF Trust by 2.2% in the second quarter. Carroll Financial Associates Inc. now owns 55,974 shares of the exchange traded fund’s stock worth $13,534,000 after buying an additional 1,216 shares during the last quarter. SPC Financial Inc. increased its position in SPDR S&P 500 ETF Trust by 42.3% in the second quarter. SPC Financial Inc. now owns 1,707 shares of the exchange traded fund’s stock worth $413,000 after buying an additional 507 shares during the last quarter. American Economic Planning Group Inc. ADV increased its position in SPDR S&P 500 ETF Trust by 8.3% in the second quarter. American Economic Planning Group Inc. ADV now owns 3,853 shares of the exchange traded fund’s stock worth $932,000 after buying an additional 296 shares during the last quarter. Regentatlantic Capital LLC increased its position in SPDR S&P 500 ETF Trust by 0.5% in the second quarter. Regentatlantic Capital LLC now owns 22,987 shares of the exchange traded fund’s stock worth $5,558,000 after buying an additional 117 shares during the last quarter. Finally, First Midwest Bank Trust Division increased its position in SPDR S&P 500 ETF Trust by 23.8% in the second quarter. First Midwest Bank Trust Division now owns 156,787 shares of the exchange traded fund’s stock worth $37,911,000 after buying an additional 30,165 shares during the last quarter.

SPDR S&P 500 ETF Trust (SPY) opened at 246.51 on Wednesday. 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 price is $245.18 and its 200-day moving average price is $239.36.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were issued a $1.1831 dividend. This represents a $4.73 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Friday, June 16th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03.

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