ETRADE Capital Management LLC Increases Position in SPDR S&P 500 ETF Trust (SPY)

ETRADE Capital Management LLC lifted its position in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,011,522 shares of the exchange traded fund’s stock after acquiring an additional 70,593 shares during the period. SPDR S&P 500 ETF Trust makes up approximately 9.4% of ETRADE Capital Management LLC’s portfolio, making the stock its largest position. ETRADE Capital Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $244,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPY. Northwestern Mutual Investment Management Company LLC increased its position in shares of SPDR S&P 500 ETF Trust by 223.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the exchange traded fund’s stock valued at $757,122,000 after acquiring an additional 2,496,043 shares in the last quarter. Private Vista LLC increased its position in shares of SPDR S&P 500 ETF Trust by 24,630.0% during the second quarter. Private Vista LLC now owns 2,005,105 shares of the exchange traded fund’s stock valued at $399,000 after acquiring an additional 1,996,997 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of SPDR S&P 500 ETF Trust by 24,242.9% during the second quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock valued at $6,724,000 after acquiring an additional 1,619,184 shares in the last quarter. White Mountains Advisors LLC increased its position in shares of SPDR S&P 500 ETF Trust by 97.7% during the second quarter. White Mountains Advisors LLC now owns 2,318,285 shares of the exchange traded fund’s stock valued at $560,561,000 after acquiring an additional 1,145,906 shares in the last quarter. Finally, ING Groep NV increased its position in shares of SPDR S&P 500 ETF Trust by 52.2% during the second quarter. ING Groep NV now owns 1,422,875 shares of the exchange traded fund’s stock valued at $344,051,000 after acquiring an additional 487,784 shares in the last quarter.

Separately, Goldman Sachs Group, Inc. (The) raised their price target on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research report on Wednesday, June 28th.

Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 254.62 on Wednesday. The company’s 50 day moving average is $249.10 and its 200 day moving average is $243.34. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $255.05.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, September 18th will be given a dividend of $1.2346 per share. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. The ex-dividend date is Friday, September 15th. This represents a $4.94 dividend on an annualized basis and a yield of 1.94%.

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

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