E&G Advisors LP Increases Stock Holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

E&G Advisors LP lifted its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,522 shares of the company’s stock after buying an additional 1,040 shares during the period. SPDR S&P 500 ETF Trust comprises about 1.4% of E&G Advisors LP’s holdings, making the stock its 13th largest position. E&G Advisors LP’s holdings in SPDR S&P 500 ETF Trust were worth $3,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SPY. Camarda Financial Advisors LLC bought a new stake in SPDR S&P 500 ETF Trust during the second quarter worth $51,000. Contravisory Investment Management Inc. raised its stake in shares of 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 buying an additional 73 shares during the period. Founders Capital Management raised its stake in shares of 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 buying an additional 49 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust in the second quarter valued at $90,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of SPDR S&P 500 ETF Trust in the second quarter valued at $91,000.

Shares of SPY traded up $4.33 during mid-day trading on Friday, hitting $297.57. The stock had a trading volume of 17,085,742 shares, compared to its average volume of 74,721,328. The business has a fifty day moving average price of $294.63 and a 200-day moving average price of $291.28. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $302.63.

The company also recently announced a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $1.3836 dividend. The ex-dividend date is Friday, September 20th. This represents a dividend yield of 1.8%.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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