Financial Management Professionals Inc. Lowers Position in SPDR S&P 500 ETF Trust (SPY)

Financial Management Professionals Inc. decreased its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 34.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 903 shares of the company’s stock after selling 475 shares during the period. Financial Management Professionals Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in SPDR S&P 500 ETF Trust during the second quarter worth $12,474,000. Northern Trust Corp lifted its holdings in SPDR S&P 500 ETF Trust by 0.3% during the second quarter. Northern Trust Corp now owns 10,797,953 shares of the company’s stock worth $2,929,269,000 after buying an additional 31,900 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in SPDR S&P 500 ETF Trust by 79.9% during the second quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 8,425,032 shares of the company’s stock worth $2,285,543,000 after buying an additional 3,742,200 shares during the period. TD Asset Management Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 8.1% during the second quarter. TD Asset Management Inc. now owns 7,292,561 shares of the company’s stock worth $1,978,326,000 after buying an additional 548,280 shares during the period. Finally, Summit Trail Advisors LLC lifted its holdings in SPDR S&P 500 ETF Trust by 11,199.3% during the first quarter. Summit Trail Advisors LLC now owns 6,770,101 shares of the company’s stock worth $6,770,000 after buying an additional 6,710,185 shares during the period.

SPDR S&P 500 ETF Trust stock opened at $267.77 on Wednesday. SPDR S&P 500 ETF Trust has a twelve month low of $252.92 and a twelve month high of $293.94.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th will be issued a dividend of $1.3226 per share. The ex-dividend date of this dividend is Friday, September 21st. This represents a $5.29 dividend on an annualized basis and a yield of 1.98%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.

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 (NYSEARCA:SPY)

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