Traders purchased shares of SPDR S&P 500 ETF Trust (NYSE:SPY) on weakness during trading hours on Friday. $1,435.82 million flowed into the stock on the tick-up and $1,022.36 million flowed out of the stock on the tick-down, for a money net flow of $413.46 million into the stock. Of all equities tracked, SPDR S&P 500 ETF Trust had the highest net in-flow for the day. SPDR S&P 500 ETF Trust traded down ($0.29) for the day and closed at $246.91
Separately, Goldman Sachs Group, Inc. (The) increased their price target on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a report on Wednesday, June 28th.
The firm’s 50 day moving average is $244.32 and its 200-day moving average is $238.05.
The business also recently disclosed 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. This is an increase 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 1.91%.
A number of large investors have recently bought and sold shares of the stock. CKW Financial Group increased its stake in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 2 shares in the last quarter. Goodman Financial Corp acquired a new stake in SPDR S&P 500 ETF Trust during the second quarter worth approximately $203,000. iAB Financial Bank purchased a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter worth $206,000. Papp L Roy & Associates purchased a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter worth $223,000. Finally, Granite Investment Advisors LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 5.1% in the second quarter. Granite Investment Advisors LLC now owns 932 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 45 shares during the last quarter.
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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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