Papp L Roy & Associates Buys Shares of 923 SPDR S&P 500 ETF Trust (SPY)

Papp L Roy & Associates bought a new stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 923 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Several other large investors also recently made changes to their positions in the stock. Investors Asset Management of Georgia Inc. GA ADV raised 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 worth $286,000 after buying an additional 4 shares during the period. World Asset Management Inc acquired a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter worth $316,000. Park Avenue Securities LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter worth $336,000. Mcrae Capital Management Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 0.9% in the second quarter. Mcrae Capital Management Inc. now owns 1,405 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 13 shares during the period. Finally, Barnett & Company Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 279.7% in the second quarter. Barnett & Company Inc. now owns 1,424 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 1,049 shares during the period.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) opened at 244.12 on Friday. The firm’s 50-day moving average price is $244.99 and its 200-day moving average price is $238.95. SPDR S&P 500 ETF Trust has a 52 week low of $208.38 and a 52 week high of $248.91. SPDR S&P 500 ETF Trust also was the target of unusually large options trading on Thursday. Stock traders bought 1,798,225 put options on the company. This represents an increase of 150% compared to the typical daily volume of 718,356 put options.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were given a dividend of $1.1831 per share. The ex-dividend date of this dividend was Friday, June 16th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. 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) raised their price objective on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research note 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).

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

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