Whitnell & Co. cut its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,887 shares of the company’s stock after selling 371 shares during the quarter. SPDR S&P 500 ETF Trust accounts for 2.5% of Whitnell & Co.’s holdings, making the stock its 6th largest position. Whitnell & Co.’s holdings in SPDR S&P 500 ETF Trust were worth $7,386,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in SPY. Camarda Financial Advisors LLC bought a new position in SPDR S&P 500 ETF Trust during the second quarter worth $51,000. Atwater Malick LLC bought a new stake in SPDR S&P 500 ETF Trust in the third quarter valued at $70,000. Contravisory Investment Management Inc. increased its stake in SPDR S&P 500 ETF Trust by 43.2% in the second quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock valued at $71,000 after purchasing an additional 73 shares in the last quarter. Founders Capital Management increased its stake in SPDR S&P 500 ETF Trust by 23.2% in the second quarter. Founders Capital Management now owns 260 shares of the company’s stock valued at $76,000 after purchasing an additional 49 shares in the last quarter. Finally, Financial Advantage Inc. bought a new stake in SPDR S&P 500 ETF Trust in the third quarter valued at $81,000.
SPY traded up $0.76 during midday trading on Friday, hitting $308.94. The company had a trading volume of 40,572,151 shares, compared to its average volume of 72,494,539. The stock’s 50 day moving average price is $298.78 and its 200 day moving average price is $293.53. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $309.65.
The firm also recently disclosed a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $1.3836 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, September 20th.
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.
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