HPM Partners LLC increased its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 13.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 194,986 shares of the exchange traded fund’s stock after buying an additional 23,090 shares during the quarter. SPDR S&P 500 ETF Trust comprises 3.9% of HPM Partners LLC’s portfolio, making the stock its 4th largest position. HPM Partners LLC’s holdings in SPDR S&P 500 ETF Trust were worth $47,148,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Osborne Partners Capital Management LLC grew its stake in SPDR S&P 500 ETF Trust by 0.4% during the 2nd quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock valued at $31,257,000 after purchasing an additional 577 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in SPDR S&P 500 ETF Trust by 6.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock valued at $19,093,000 after purchasing an additional 4,761 shares in the last quarter. Greenleaf Trust grew its stake in SPDR S&P 500 ETF Trust by 3.3% during the 2nd quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock valued at $2,702,000 after purchasing an additional 354 shares in the last quarter. Axel Capital Management LLC grew its stake in SPDR S&P 500 ETF Trust by 18.7% during the 2nd quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock valued at $133,297,000 after purchasing an additional 87,000 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. grew its stake in SPDR S&P 500 ETF Trust by 2.1% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 22,812 shares of the exchange traded fund’s stock valued at $94,343,000 after purchasing an additional 469 shares in the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) opened at 250.05 on Thursday. SPDR S&P 500 ETF Trust has a 52 week low of $208.38 and a 52 week high of $250.49. The firm’s 50-day moving average price is $246.63 and its 200-day moving average price is $241.70.

The firm also recently disclosed 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 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 1.97%.

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Separately, Goldman Sachs Group, Inc. (The) raised their price objective on 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 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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