Spinnaker Trust raised its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,682 shares of the company’s stock after purchasing an additional 357 shares during the period. Spinnaker Trust’s holdings in SPDR S&P 500 ETF Trust were worth $5,339,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SPY. Toronto Dominion Bank raised its holdings in shares of SPDR S&P 500 ETF Trust by 1,039.5% during the 1st quarter. Toronto Dominion Bank now owns 20,997,566 shares of the company’s stock valued at $5,525,498,000 after purchasing an additional 23,232,588 shares in the last quarter. Northern Trust Corp raised its holdings in shares of SPDR S&P 500 ETF Trust by 0.7% during the 1st quarter. Northern Trust Corp now owns 10,766,053 shares of the company’s stock valued at $2,833,087,000 after purchasing an additional 69,948 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of SPDR S&P 500 ETF Trust by 8.1% during the 2nd quarter. TD Asset Management Inc. now owns 7,292,561 shares of the company’s stock valued at $1,978,326,000 after purchasing an additional 548,280 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 11,199.3% during the 1st quarter. Summit Trail Advisors LLC now owns 6,770,101 shares of the company’s stock valued at $6,770,000 after purchasing an additional 6,710,185 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of SPDR S&P 500 ETF Trust by 4.5% during the 1st quarter. US Bancorp DE now owns 5,752,033 shares of the company’s stock valued at $1,513,647,000 after purchasing an additional 245,619 shares in the last quarter.

Shares of SPY opened at $285.06 on Monday. SPDR S&P 500 ETF Trust has a one year low of $241.83 and a one year high of $286.63.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Monday, June 18th were issued a $1.2456 dividend. This represents a $4.98 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, June 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.10.

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.

See Also: Diversification

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

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