Birch Hill Investment Advisors LLC trimmed its position in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,707 shares of the exchange traded fund’s stock after selling 350 shares during the period. Birch Hill Investment Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fayez Sarofim & Co. bought a new position in SPDR S&P 500 ETF Trust during the second quarter valued at $234,000. Verity Asset Management Inc. boosted its holdings in shares of SPDR S&P 500 ETF Trust by 22.3% in the second quarter. Verity Asset Management Inc. now owns 1,896 shares of the exchange traded fund’s stock worth $459,000 after acquiring an additional 346 shares during the period. Formidable Asset Management LLC boosted its holdings in shares of SPDR S&P 500 ETF Trust by 2.7% in the second quarter. Formidable Asset Management LLC now owns 8,218 shares of the exchange traded fund’s stock worth $1,987,000 after acquiring an additional 214 shares during the period. Geller Family Office Services LLC boosted its holdings in shares of SPDR S&P 500 ETF Trust by 0.6% in the second quarter. Geller Family Office Services LLC now owns 331,452 shares of the exchange traded fund’s stock worth $80,145,000 after acquiring an additional 1,881 shares during the period. Finally, Check Capital Management Inc. CA bought a new position in shares of SPDR S&P 500 ETF Trust in the second quarter worth $1,355,000.

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SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 254.37 on Friday. SPDR S&P 500 ETF Trust has a 12-month low of $208.38 and a 12-month high of $254.70. The stock has a 50 day moving average price of $248.45 and a 200-day moving average price of $242.92.

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 given a dividend of $1.2346 per share. This is an increase 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 dividend yield of 1.94%.

Separately, Goldman Sachs Group, Inc. (The) raised their price target on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a 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.

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

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