St. Louis Trust Co Lowers Stake in SPDR S&P 500 ETF Trust (SPY)
St. Louis Trust Co decreased its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 13.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,196 shares of the exchange traded fund’s stock after selling 32,875 shares during the period. SPDR S&P 500 ETF Trust makes up approximately 23.0% of St. Louis Trust Co’s portfolio, making the stock its largest position. St. Louis Trust Co’s holdings in SPDR S&P 500 ETF Trust were worth $49,858,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Papp L Roy & Associates bought a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter valued at $223,000. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of SPDR S&P 500 ETF Trust by 0.3% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,183 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 4 shares during the last quarter. Verus Financial Partners Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 3.8% in the second quarter. Verus Financial Partners Inc. now owns 1,230 shares of the exchange traded fund’s stock valued at $297,000 after buying an additional 45 shares during the last quarter. World Asset Management Inc bought a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter valued at $316,000. Finally, Park Avenue Securities LLC bought a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter valued at $336,000.
Shares of SPDR S&P 500 ETF Trust (SPY) opened at 244.12 on Friday. The stock has a 50 day moving average price of $244.99 and a 200 day moving average price of $238.95. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $248.91. SPDR S&P 500 ETF Trust also saw some unusual options trading on Thursday. Traders acquired 1,798,225 put options on the stock. This represents an increase of 150% compared to the typical daily volume of 718,356 put options.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were issued a dividend of $1.1831 per share. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. This represents a $4.73 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, June 16th.
COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/st-louis-trust-co-lowers-stake-in-spdr-sp-500-etf-trust-spy/1480830.html.
Separately, Goldman Sachs Group, Inc. (The) upped their target price on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research report on Wednesday, June 28th.
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.
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).
Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.