Capital Asset Advisory Services LLC reduced its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 17.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 793 shares of the company’s stock after selling 166 shares during the period. Capital Asset Advisory Services LLC’s holdings in SPDR S&P 500 ETF Trust were worth $235,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SPY. Camarda Financial Advisors LLC acquired a new position in shares of SPDR S&P 500 ETF Trust during the second quarter worth $51,000. Contravisory Investment Management Inc. raised its holdings in SPDR S&P 500 ETF Trust by 43.2% in the second quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock valued at $71,000 after acquiring an additional 73 shares in the last quarter. Founders Capital Management raised its holdings in SPDR S&P 500 ETF Trust by 23.2% in the second quarter. Founders Capital Management now owns 260 shares of the company’s stock valued at $76,000 after acquiring an additional 49 shares in the last quarter. Paragon Capital Management LLC acquired a new stake in SPDR S&P 500 ETF Trust in the first quarter valued at $79,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in SPDR S&P 500 ETF Trust in the second quarter valued at $90,000.
SPY traded up $1.79 during trading on Thursday, hitting $293.06. The company had a trading volume of 11,052,460 shares, compared to its average volume of 74,798,141. The business has a 50-day moving average of $294.59 and a 200-day moving average of $291.21. SPDR S&P 500 ETF Trust has a 1-year low of $233.76 and a 1-year high of $302.63.
The business also recently declared a — dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $1.3836 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a yield of 1.8%.
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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