SPDR S&P 500 ETF Trust (NYSE:SPY) was the target of some unusual options trading activity on Thursday. Investors bought 1,042,371 call options on the company. This is an increase of 136% compared to the typical volume of 441,774 call options.

SPDR S&P 500 ETF Trust (NYSE SPY) opened at 244.12 on Friday. The firm has a 50 day moving average of $244.99 and a 200-day moving average of $238.95. SPDR S&P 500 ETF Trust has a 52-week low of $208.38 and a 52-week high of $248.91.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were issued a dividend of $1.1831 per share. This represents a $4.73 annualized dividend and a dividend yield of 1.94%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, June 16th.

Institutional investors have recently bought and sold shares of the stock. Carroll Financial Associates Inc. raised 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 valued at $13,534,000 after buying an additional 1,216 shares during the period. SPC Financial Inc. raised 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 valued at $413,000 after buying an additional 507 shares during the period. American Economic Planning Group Inc. ADV raised 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 valued at $932,000 after buying an additional 296 shares during the period. Regentatlantic Capital LLC raised 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 valued at $5,558,000 after buying an additional 117 shares during the period. Finally, First Midwest Bank Trust Division raised 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 valued at $37,911,000 after buying an additional 30,165 shares during the period.

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.

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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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