SPDR S&P 500 ETF Trust (SPY) Shares Sold by Cubic Asset Management LLC

Cubic Asset Management LLC lowered its position in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,267 shares of the exchange traded fund’s stock after selling 30 shares during the period. Cubic Asset Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $2,483,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPY. ING Groep NV raised its position in shares of SPDR S&P 500 ETF Trust by 52.2% in the second quarter. ING Groep NV now owns 1,422,875 shares of the exchange traded fund’s stock valued at $344,051,000 after buying an additional 487,784 shares during the period. CTC LLC increased its stake in SPDR S&P 500 ETF Trust by 164.4% in the second quarter. CTC LLC now owns 248,205 shares of the exchange traded fund’s stock valued at $59,904,000 after buying an additional 154,334 shares in the last quarter. Axel Capital Management LLC increased its stake in SPDR S&P 500 ETF Trust by 18.7% in the second quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock valued at $133,297,000 after buying an additional 87,000 shares in the last quarter. First Midwest Bank Trust Division increased its stake 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 in the last quarter. Finally, MCF Advisors LLC increased its stake in SPDR S&P 500 ETF Trust by 6.6% in the second quarter. MCF Advisors LLC now owns 304,950 shares of the exchange traded fund’s stock valued at $73,737,000 after buying an additional 18,774 shares in the last quarter.

SPDR S&P 500 ETF Trust (SPY) opened at 244.12 on Friday. The company 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 1-year low of $208.38 and a 1-year high of $248.91. SPDR S&P 500 ETF Trust also saw some unusual options trading activity on Thursday. Investors acquired 1,798,225 put options on the company. This represents an increase of approximately 150% compared to the typical volume of 718,356 put options.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors 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. The ex-dividend date was Friday, June 16th. This represents a $4.73 dividend on an annualized basis and a yield of 1.94%.

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Separately, Goldman Sachs Group, Inc. (The) boosted their price target on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research note 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.

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

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