Logan Capital Management Inc. Invests $201,000 in SPDR S&P 500 ETF Trust (SPY) Stock

Logan Capital Management Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 833 shares of the exchange traded fund’s stock, valued at approximately $201,000.

A number of other hedge funds also recently made changes to their positions in SPY. CKW Financial Group raised its position in SPDR S&P 500 ETF Trust by 0.3% during the second quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock valued at $147,000 after acquiring an additional 2 shares in the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of SPDR S&P 500 ETF Trust by 68.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the exchange traded fund’s stock valued at $163,000 after buying an additional 275 shares in the last quarter. Almanack Investment Partners LLC. increased its position in shares of SPDR S&P 500 ETF Trust by 2.6% in the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the exchange traded fund’s stock valued at $170,000 after buying an additional 18 shares in the last quarter. Goodman Financial Corp purchased a new stake in shares of SPDR S&P 500 ETF Trust in the second quarter valued at approximately $203,000. Finally, Regal Wealth Group Inc. increased its position in shares of SPDR S&P 500 ETF Trust by 0.5% in the second quarter. Regal Wealth Group Inc. now owns 849 shares of the exchange traded fund’s stock valued at $205,000 after buying an additional 4 shares in the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) opened at 255.79 on Friday. SPDR S&P 500 ETF Trust has a 52-week low of $208.38 and a 52-week high of $255.95. The stock has a 50 day moving average price of $251.18 and a 200-day moving average price of $244.23.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, September 18th will be issued a $1.2346 dividend. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. This represents a $4.94 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, September 15th.

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

About SPDR S&P 500 ETF Trust

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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