FFT Wealth Management LLC increased its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,020 shares of the exchange traded fund’s stock after purchasing an additional 3,419 shares during the quarter. SPDR S&P 500 ETF Trust comprises about 16.8% of FFT Wealth Management LLC’s portfolio, making the stock its biggest holding. FFT Wealth Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $52,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. CKW Financial Group lifted its holdings 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 purchasing an additional 2 shares during the period. Goodman Financial Corp acquired a new stake in SPDR S&P 500 ETF Trust in the second quarter worth about $203,000. iAB Financial Bank acquired a new stake in SPDR S&P 500 ETF Trust in the second quarter worth about $206,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in SPDR S&P 500 ETF Trust by 18.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 910 shares of the exchange traded fund’s stock worth $221,000 after purchasing an additional 144 shares during the period. Finally, Papp L Roy & Associates acquired a new stake in SPDR S&P 500 ETF Trust in the second quarter worth about $223,000.

Separately, Goldman Sachs Group, Inc. (The) upped 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.

ILLEGAL ACTIVITY NOTICE: “SPDR S&P 500 ETF Trust (SPY) Shares Bought by FFT Wealth Management LLC” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/09/17/spdr-sp-500-etf-trust-spy-shares-bought-by-fft-wealth-management-llc.html.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) opened at 249.19 on Friday. The firm has a 50-day moving average of $246.46 and a 200-day moving average of $241.49. SPDR S&P 500 ETF Trust has a one year low of $208.38 and a one year high of $250.32.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, September 18th will be paid a $1.2346 dividend. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. This represents a $4.94 dividend on an annualized basis and a dividend yield of 1.98%.

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)

Receive News & Stock Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related stocks with our FREE daily email newsletter.