Lourd Capital LLC cut its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 10,492 shares of the exchange traded fund’s stock after selling 112 shares during the period. SPDR S&P 500 ETF Trust comprises approximately 0.2% of Lourd Capital LLC’s holdings, making the stock its 13th largest position. Lourd Capital LLC’s holdings in SPDR S&P 500 ETF Trust were worth $2,537,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 24,242.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock worth $6,724,000 after buying an additional 1,619,184 shares during the period. ING Groep NV raised its stake 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 worth $344,051,000 after buying an additional 487,784 shares during the period. Sanders Capital LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 24.3% in the second quarter. Sanders Capital LLC now owns 827,342 shares of the exchange traded fund’s stock worth $200,051,000 after buying an additional 161,605 shares during the period. CTC LLC raised its stake in shares of 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 worth $59,904,000 after buying an additional 154,334 shares during the period. Finally, Axel Capital Management LLC raised its stake in shares of 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 worth $133,297,000 after buying an additional 87,000 shares during the period.
Shares of SPDR S&P 500 ETF Trust (SPY) opened at 247.87 on Tuesday. The firm’s 50-day moving average is $244.32 and its 200-day moving average is $238.05. SPDR S&P 500 ETF Trust has a one year low of $208.38 and a one year high of $248.00.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were given a $1.1831 dividend. The ex-dividend date of this dividend was Friday, June 16th. This is a boost 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 dividend yield of 1.91%.
Separately, Goldman Sachs Group, Inc. (The) increased their price objective on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a report 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.
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