FTB Advisors Inc. boosted its position in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 12.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,883 shares of the exchange traded fund’s stock after acquiring an additional 11,713 shares during the quarter. SPDR S&P 500 ETF Trust accounts for approximately 2.8% of FTB Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. FTB Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $25,345,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CKW Financial Group boosted its holdings in SPDR S&P 500 ETF Trust by 0.3% during the 2nd quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock valued at $147,000 after acquiring an additional 2 shares during the period. WESPAC Advisors SoCal LLC boosted its holdings in SPDR S&P 500 ETF Trust by 68.8% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the exchange traded fund’s stock valued at $163,000 after acquiring an additional 275 shares during the period. Almanack Investment Partners LLC. boosted its holdings in SPDR S&P 500 ETF Trust by 2.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the exchange traded fund’s stock valued at $170,000 after acquiring an additional 18 shares during the period. Logan Capital Management Inc. purchased a new position in SPDR S&P 500 ETF Trust during the 2nd quarter valued at about $201,000. Finally, Goodman Financial Corp purchased a new position in SPDR S&P 500 ETF Trust during the 2nd quarter valued at about $203,000.

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

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/22/ftb-advisors-inc-increases-position-in-spdr-sp-500-etf-trust-spy.html.

SPDR S&P 500 ETF Trust (SPY) opened at 257.11 on Friday. SPDR S&P 500 ETF Trust has a one year low of $208.38 and a one year high of $257.14. The company’s 50-day moving average price is $251.46 and its 200-day moving average price is $244.38.

The business 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 is Friday, September 15th. This represents a $4.94 dividend on an annualized basis and a dividend yield of 1.92%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18.

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.

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.