Marco Investment Management LLC Sells 376 Shares of SPDR S&P 500 ETF Trust (SPY)

Marco Investment Management LLC decreased its stake in SPDR S&P 500 ETF Trust (NYSE:SPY) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,204 shares of the exchange traded fund’s stock after selling 376 shares during the period. SPDR S&P 500 ETF Trust accounts for about 1.4% of Marco Investment Management LLC’s holdings, making the stock its 23rd biggest holding. Marco Investment Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $8,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SPY. Osborne Partners Capital Management LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 0.4% in the second quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock valued at $31,257,000 after buying an additional 577 shares during the period. First Citizens Bank & Trust Co. increased its stake in shares of SPDR S&P 500 ETF Trust by 6.4% in the second quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock valued at $19,093,000 after buying an additional 4,761 shares during the period. Greenleaf Trust increased its stake in shares of SPDR S&P 500 ETF Trust by 3.3% in the second quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock valued at $2,702,000 after buying an additional 354 shares during the period. Axel Capital Management LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 18.7% in the second quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock valued at $133,297,000 after buying an additional 87,000 shares during the period. Finally, Appropriate Balance Financial Services Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 2.1% in the second quarter. Appropriate Balance Financial Services Inc. now owns 22,812 shares of the exchange traded fund’s stock valued at $94,343,000 after buying an additional 469 shares during the period.

Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 254.64 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $208.38 and a 52 week high of $255.06. The stock has a 50 day moving average price of $249.66 and a 200 day moving average price of $243.51.

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. This represents a $4.94 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18.

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

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.

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSE:SPY).

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

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