Forward Management LLC cut its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 26.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 623,738 shares of the exchange traded fund’s stock after selling 226,641 shares during the period. SPDR S&P 500 ETF Trust comprises 12.8% of Forward Management LLC’s holdings, making the stock its largest position. Forward Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $150,820,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CKW Financial Group boosted its position 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 valued at $147,000 after buying an additional 2 shares during the period. Papp L Roy & Associates bought a new position in SPDR S&P 500 ETF Trust during the second quarter valued at $223,000. Investors Asset Management of Georgia Inc. GA ADV boosted its position in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,183 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 4 shares during the period. Verus Financial Partners Inc. boosted its position in SPDR S&P 500 ETF Trust by 3.8% in the second quarter. Verus Financial Partners Inc. now owns 1,230 shares of the exchange traded fund’s stock valued at $297,000 after buying an additional 45 shares during the period. Finally, World Asset Management Inc bought a new position in SPDR S&P 500 ETF Trust during the second quarter valued at $316,000.

SPDR S&P 500 ETF Trust (SPY) opened at 242.71 on Monday. The company has a 50-day moving average of $245.37 and a 200 day moving average of $239.54. 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 announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were given a $1.1831 dividend. The ex-dividend date of this dividend was Friday, June 16th. This represents a $4.73 dividend on an annualized basis and a yield of 1.95%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03.

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Separately, Goldman Sachs Group, Inc. (The) boosted their price objective on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research 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.

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

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