Whitnell & Co. lowered its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,887 shares of the company’s stock after selling 371 shares during the quarter. SPDR S&P 500 ETF Trust accounts for about 2.5% of Whitnell & Co.’s holdings, making the stock its 6th biggest holding. Whitnell & Co.’s holdings in SPDR S&P 500 ETF Trust were worth $7,386,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Camarda Financial Advisors LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 2nd quarter worth about $51,000. Atwater Malick LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth about $70,000. Contravisory Investment Management Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 43.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after acquiring an additional 73 shares in the last quarter. Founders Capital Management increased its stake in shares of SPDR S&P 500 ETF Trust by 23.2% in the 2nd quarter. Founders Capital Management now owns 260 shares of the company’s stock worth $76,000 after acquiring an additional 49 shares in the last quarter. Finally, Financial Advantage Inc. bought a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth about $81,000.
Shares of SPDR S&P 500 ETF Trust stock traded up $0.76 during trading on Friday, hitting $308.94. The company’s stock had a trading volume of 40,572,151 shares, compared to its average volume of 72,494,539. The company has a fifty day simple moving average of $298.78 and a two-hundred day simple moving average of $293.53. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $309.65.
The firm also recently declared a — dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $1.3836 dividend. The ex-dividend date was Friday, September 20th. This represents a dividend 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.
Further Reading: Hedge Funds – Risk or Reward?
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