Investors purchased shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on weakness during trading hours on Friday. $2,863.62 million flowed into the stock on the tick-up and $2,372.50 million flowed out of the stock on the tick-down, for a money net flow of $491.12 million into the stock. Of all stocks tracked, SPDR S&P 500 ETF Trust had the 2nd highest net in-flow for the day. SPDR S&P 500 ETF Trust traded down ($1.91) for the day and closed at $283.16
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Monday, June 18th were given a dividend of $1.2456 per share. The ex-dividend date of this dividend was Friday, June 15th. This represents a $4.98 annualized dividend and a yield of 1.76%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.10.
Several institutional investors and hedge funds have recently made changes to their positions in the company. HC Financial Advisors Inc. purchased a new position in SPDR S&P 500 ETF Trust during the 4th quarter valued at about $420,000. Ackerman Capital Advisors LLC purchased a new position in SPDR S&P 500 ETF Trust during the 4th quarter valued at about $439,000. Certified Advisory Corp purchased a new position in SPDR S&P 500 ETF Trust during the 4th quarter valued at about $310,000. Green Square Capital LLC purchased a new position in SPDR S&P 500 ETF Trust during the 4th quarter valued at about $6,094,000. Finally, Garde Capital Inc. increased its position in SPDR S&P 500 ETF Trust by 6.7% during the 4th quarter. Garde Capital Inc. now owns 8,538 shares of the company’s stock valued at $2,278,000 after purchasing an additional 534 shares during the period.
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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