Towercrest Capital Management Trims Holdings in SPDR S&P 500 ETF Trust (SPY)

Towercrest Capital Management lessened its holdings in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,795 shares of the exchange traded fund’s stock after selling 8,908 shares during the period. SPDR S&P 500 ETF Trust accounts for approximately 9.0% of Towercrest Capital Management’s investment portfolio, making the stock its 3rd biggest position. Towercrest Capital Management’s holdings in SPDR S&P 500 ETF Trust were worth $11,557,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPY. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 223.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the exchange traded fund’s stock worth $757,122,000 after acquiring an additional 2,496,043 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of SPDR S&P 500 ETF Trust by 1,280.4% in the 2nd quarter. Bank of Nova Scotia now owns 2,052,507 shares of the exchange traded fund’s stock worth $497,031,000 after acquiring an additional 2,226,394 shares during the last quarter. Private Vista LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 24,630.0% in the 2nd quarter. Private Vista LLC now owns 2,005,105 shares of the exchange traded fund’s stock worth $399,000 after acquiring an additional 1,996,997 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 24,242.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,625,863 shares of the exchange traded fund’s stock worth $6,724,000 after acquiring an additional 1,619,184 shares during the last quarter. Finally, White Mountains Advisors LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 97.7% in the 2nd quarter. White Mountains Advisors LLC now owns 2,318,285 shares of the exchange traded fund’s stock worth $560,561,000 after acquiring an additional 1,145,906 shares during the last quarter.

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Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) traded down $0.08 during mid-day trading on Friday, hitting $258.09. 59,984,662 shares of the stock traded hands. SPDR S&P 500 ETF Trust has a 52-week low of $215.22 and a 52-week high of $259.35.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, September 18th were issued a dividend of $1.2346 per share. The ex-dividend date was Friday, September 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. This represents a $4.94 dividend on an annualized basis and a yield of 1.91%.

SPDR S&P 500 ETF Trust Company 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.

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

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