Institute for Wealth Management LLC. Takes $4.80 Million Position in SPDR S&P 500 ETF Trust (SPY)

Institute for Wealth Management LLC. bought a new stake in SPDR S&P 500 ETF Trust (NYSE:SPY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,858 shares of the exchange traded fund’s stock, valued at approximately $4,796,000. SPDR S&P 500 ETF Trust accounts for about 1.3% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 7th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in SPY. CKW Financial Group grew its stake 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 worth $147,000 after buying an additional 2 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its stake in SPDR S&P 500 ETF Trust by 0.3% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,183 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 4 shares during the period. Regal Wealth Group Inc. grew its stake in SPDR S&P 500 ETF Trust by 0.5% during the second quarter. Regal Wealth Group Inc. now owns 849 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 4 shares during the period. Mcrae Capital Management Inc. grew its stake in SPDR S&P 500 ETF Trust by 0.9% during the second quarter. Mcrae Capital Management Inc. now owns 1,405 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 13 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in SPDR S&P 500 ETF Trust by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 3,229 shares of the exchange traded fund’s stock worth $780,000 after buying an additional 16 shares during the period.

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SPDR S&P 500 ETF Trust (NYSE:SPY) traded up 0.82% during midday trading on Friday, reaching $257.71. 85,562,544 shares of the company’s stock traded hands. SPDR S&P 500 ETF Trust has a 52 week low of $208.38 and a 52 week high of $257.89. The company’s 50-day moving average price is $252.09 and its 200 day moving average price is $244.90.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, September 18th will be issued a dividend of $1.2346 per share. This is a positive change 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 1.92%. The ex-dividend date is Friday, September 15th.

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.

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

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