Investors Buy SPDR S&P 500 ETF Trust (SPY) on Weakness

Traders bought shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on weakness during trading on Thursday. $2,651.28 million flowed into the stock on the tick-up and $2,249.78 million flowed out of the stock on the tick-down, for a money net flow of $401.50 million into the stock. Of all companies tracked, SPDR S&P 500 ETF Trust had the highest net in-flow for the day. SPDR S&P 500 ETF Trust traded down ($0.51) for the day and closed at $280.50

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th were given a $1.3226 dividend. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. The ex-dividend date was Friday, September 21st. This represents a $5.29 dividend on an annualized basis and a yield of 1.90%.

A number of hedge funds have recently added to or reduced their stakes in SPY. LFA Lugano Financial Advisors SA bought a new position in shares of SPDR S&P 500 ETF Trust during the 2nd quarter valued at $12,474,000. TD Asset Management Inc. raised its holdings in shares of SPDR S&P 500 ETF Trust by 58.2% during the 3rd quarter. TD Asset Management Inc. now owns 11,533,679 shares of the company’s stock valued at $3,353,071,000 after purchasing an additional 4,241,118 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its holdings in shares of SPDR S&P 500 ETF Trust by 79.9% during the 2nd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 8,425,032 shares of the company’s stock valued at $2,285,543,000 after purchasing an additional 3,742,200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of SPDR S&P 500 ETF Trust during the 2nd quarter valued at $488,420,000. Finally, Gradient Investments LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 41,603.0% during the 3rd quarter. Gradient Investments LLC now owns 1,407,059 shares of the company’s stock valued at $409,060,000 after purchasing an additional 1,403,685 shares in the last quarter.

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About SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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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