Emery Howard Portfolio Management Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 581,621 shares of the exchange traded fund’s stock after buying an additional 3,357 shares during the period. SPDR S&P 500 ETF Trust comprises 30.6% of Emery Howard Portfolio Management Inc.’s investment portfolio, making the stock its largest position. Emery Howard Portfolio Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $140,636,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Osborne Partners Capital Management LLC raised its position in shares of SPDR S&P 500 ETF Trust by 0.4% in the second quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock valued at $31,257,000 after buying an additional 577 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of SPDR S&P 500 ETF Trust by 6.4% in the second quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock valued at $19,093,000 after buying an additional 4,761 shares during the period. Greenleaf Trust raised its position in shares of SPDR S&P 500 ETF Trust by 3.3% in the second quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock valued at $2,702,000 after buying an additional 354 shares during the period. Axel Capital Management LLC raised its position 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 last quarter. Finally, Appropriate Balance Financial Services Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 2.1% in the second quarter. Appropriate Balance Financial Services Inc. now owns 22,812 shares of the exchange traded fund’s stock worth $94,343,000 after buying an additional 469 shares during the last quarter.
SPDR S&P 500 ETF Trust (SPY) opened at 244.56 on Friday. The company has a 50-day moving average of $245.61 and a 200-day moving average of $240.12. SPDR S&P 500 ETF Trust has a 52 week low of $208.38 and a 52 week high of $248.91.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were issued a $1.1831 dividend. 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 annualized dividend and a yield of 1.94%.
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Separately, Goldman Sachs Group, Inc. (The) upped their target price on shares of 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.
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