GM Advisory Group Inc. Maintains Holdings in SPDR S&P 500 ETF Trust (SPY)

GM Advisory Group Inc. continued to hold its position in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,930 shares of the exchange traded fund’s stock at the close of the second quarter. GM Advisory Group Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,441,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SPY. Northwestern Mutual Investment Management Company LLC lifted its stake in SPDR S&P 500 ETF Trust by 223.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the exchange traded fund’s stock valued at $757,122,000 after purchasing an additional 2,496,043 shares during the last quarter. Private Vista LLC lifted its stake in SPDR S&P 500 ETF Trust by 24,630.0% in the second quarter. Private Vista LLC now owns 2,005,105 shares of the exchange traded fund’s stock valued at $399,000 after purchasing an additional 1,996,997 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in SPDR S&P 500 ETF Trust by 24,242.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock valued at $6,724,000 after purchasing an additional 1,619,184 shares during the last quarter. White Mountains Advisors LLC lifted its stake in SPDR S&P 500 ETF Trust by 97.7% in the second quarter. White Mountains Advisors LLC now owns 2,318,285 shares of the exchange traded fund’s stock valued at $560,561,000 after purchasing an additional 1,145,906 shares during the last quarter. Finally, TIAA FSB purchased a new position in SPDR S&P 500 ETF Trust in the second quarter valued at approximately $197,131,000.

Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 254.62 on Wednesday. The firm’s 50 day moving average price is $249.10 and its 200 day moving average price is $243.34. SPDR S&P 500 ETF Trust has a 52-week low of $208.38 and a 52-week high of $255.05.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, September 18th will be given a $1.2346 dividend. This represents a $4.94 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, September 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18.

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Separately, Goldman Sachs Group, Inc. (The) upped their price objective 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.

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

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