Dai Ichi Life Insurance Company Ltd lifted its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 24.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 829,451 shares of the exchange traded fund’s stock after acquiring an additional 161,990 shares during the period. SPDR S&P 500 ETF Trust accounts for about 4.5% of Dai Ichi Life Insurance Company Ltd’s investment portfolio, making the stock its 2nd largest position. Dai Ichi Life Insurance Company Ltd’s holdings in SPDR S&P 500 ETF Trust were worth $200,561,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SPY. Northwestern Mutual Investment Management Company LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 223.2% in the 2nd 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 SPDR S&P 500 ETF Trust by 24,630.0% in the 2nd quarter. Private Vista LLC now owns 2,005,105 shares of the exchange traded fund’s stock worth $399,000 after buying an additional 1,996,997 shares during the period. Harbour Capital Advisors LLC increased its position in SPDR S&P 500 ETF Trust by 24,242.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock worth $6,724,000 after buying an additional 1,619,184 shares during the period. ING Groep NV increased its position in SPDR S&P 500 ETF Trust by 52.2% in the 2nd quarter. ING Groep NV now owns 1,422,875 shares of the exchange traded fund’s stock worth $344,051,000 after buying an additional 487,784 shares during the period. Finally, Aegea Capital Management LLC increased its position in SPDR S&P 500 ETF Trust by 107.0% in the 2nd quarter. Aegea Capital Management LLC now owns 716,894 shares of the exchange traded fund’s stock worth $173,345,000 after buying an additional 370,589 shares during the period.

SPDR S&P 500 ETF Trust (SPY) opened at 251.23 on Friday. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $251.32. The firm has a 50-day moving average price of $246.63 and a 200 day moving average price of $241.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, September 18th will be paid a $1.2346 dividend. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Friday, September 15th. This represents a $4.94 annualized dividend and a yield of 1.97%.

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

About SPDR S&P 500 ETF Trust

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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