Spectrum Management Group Inc. Buys 3,919 Shares of SPDR S&P 500 ETF Trust (SPY)

Spectrum Management Group Inc. raised its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.8% during the third quarter, HoldingsChannel.com reports. The firm owned 223,084 shares of the company’s stock after buying an additional 3,919 shares during the quarter. SPDR S&P 500 ETF Trust makes up approximately 20.5% of Spectrum Management Group Inc.’s portfolio, making the stock its biggest position. Spectrum Management Group Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $64,855,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SPY. First Merchants Corp grew its position in shares of SPDR S&P 500 ETF Trust by 2.1% in the 2nd quarter. First Merchants Corp now owns 8,776 shares of the company’s stock worth $2,381,000 after buying an additional 177 shares during the period. LifePlan Financial Group Inc grew its position in shares of SPDR S&P 500 ETF Trust by 48.6% in the 2nd quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock worth $156,000 after buying an additional 188 shares during the period. Hallmark Capital Management Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 22.9% in the 2nd quarter. Hallmark Capital Management Inc. now owns 1,014 shares of the company’s stock worth $275,000 after buying an additional 189 shares during the period. Palladium Partners LLC grew its position in shares of SPDR S&P 500 ETF Trust by 6.4% in the 3rd quarter. Palladium Partners LLC now owns 3,266 shares of the company’s stock worth $949,000 after buying an additional 197 shares during the period. Finally, Ingalls & Snyder LLC grew its position in shares of SPDR S&P 500 ETF Trust by 6.3% in the 2nd quarter. Ingalls & Snyder LLC now owns 3,382 shares of the company’s stock worth $917,000 after buying an additional 200 shares during the period.

NYSEARCA:SPY opened at $277.76 on Friday. SPDR S&P 500 ETF Trust has a 1-year low of $252.92 and a 1-year high of $293.94.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, September 24th were given a $1.3226 dividend. The ex-dividend date of this dividend was Friday, September 21st. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. This represents a $5.29 dividend on an annualized basis and a dividend yield of 1.90%.

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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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Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

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