Midwest Professional Planners LTD. lifted its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 43.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,058 shares of the company’s stock after purchasing an additional 3,034 shares during the period. SPDR S&P 500 ETF Trust comprises about 2.4% of Midwest Professional Planners LTD.’s holdings, making the stock its 11th largest position. Midwest Professional Planners LTD.’s holdings in SPDR S&P 500 ETF Trust were worth $2,729,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Hartford Financial Management Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $139,000. LifePlan Financial Group Inc boosted its stake in shares of SPDR S&P 500 ETF Trust by 48.6% during the 2nd quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock worth $156,000 after acquiring an additional 188 shares in the last quarter. WP Advisors LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $165,000. AllSquare Wealth Management LLC lifted its stake in SPDR S&P 500 ETF Trust by 182.8% in the 1st quarter. AllSquare Wealth Management LLC now owns 642 shares of the company’s stock valued at $169,000 after buying an additional 415 shares in the last quarter. Finally, FC Advisory LLC purchased a new stake in SPDR S&P 500 ETF Trust in the 2nd quarter valued at approximately $201,000.
SPY stock traded up $3.78 on Friday, reaching $275.95. The company had a trading volume of 182,930,948 shares, compared to its average volume of 88,350,211. SPDR S&P 500 ETF Trust has a 1 year low of $252.92 and a 1 year high of $293.94.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, September 24th will be paid a $1.3226 dividend. The ex-dividend date is Friday, September 21st. This represents a $5.29 dividend on an annualized basis and a yield of 1.92%. 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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