Comprehensive Portfolio Management LLC Invests $38.92 Million in SPDR S&P 500 ETF Trust (SPY)

Comprehensive Portfolio Management LLC purchased a new stake in SPDR S&P 500 ETF Trust (NYSE:SPY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 160,969 shares of the exchange traded fund’s stock, valued at approximately $38,922,000. SPDR S&P 500 ETF Trust comprises about 16.3% of Comprehensive Portfolio Management LLC’s investment portfolio, making the stock its biggest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Osborne Partners Capital Management LLC raised its position in SPDR S&P 500 ETF Trust by 0.4% during the 2nd quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock worth $31,257,000 after buying an additional 577 shares during the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of SPDR S&P 500 ETF Trust by 6.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock worth $19,093,000 after purchasing an additional 4,761 shares during the period. Greenleaf Trust grew its stake in shares of SPDR S&P 500 ETF Trust by 3.3% during the 2nd quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock worth $2,702,000 after purchasing an additional 354 shares during the period. Axel Capital Management LLC grew its stake in shares of SPDR S&P 500 ETF Trust by 18.7% during the 2nd quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock worth $133,297,000 after purchasing an additional 87,000 shares during the period. Finally, Appropriate Balance Financial Services Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 2.1% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 22,812 shares of the exchange traded fund’s stock worth $94,343,000 after purchasing an additional 469 shares during the period.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) traded up 0.13% during midday trading on Friday, reaching $249.19. 95,432,382 shares of the company were exchanged. The firm’s 50 day moving average is $246.46 and its 200-day moving average is $241.49. SPDR S&P 500 ETF Trust has a 52-week low of $208.38 and a 52-week high of $250.32.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders 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 yield of 1.98%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Friday, September 15th.

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Separately, Goldman Sachs Group, Inc. (The) upped their price target on shares of 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.

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

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