Traders Buy Shares of SPDR S&P 500 ETF Trust (SPY) on Weakness

Traders bought shares of SPDR S&P 500 ETF Trust (NYSE:SPY) on weakness during trading on Friday. $1,670.31 million flowed into the stock on the tick-up and $1,035.87 million flowed out of the stock on the tick-down, for a money net flow of $634.44 million into the stock. Of all equities tracked, SPDR S&P 500 ETF Trust had the 2nd highest net in-flow for the day. SPDR S&P 500 ETF Trust traded down ($0.08) for the day and closed at $258.09

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

Institutional investors have recently modified their holdings of the stock. RiverPoint Capital Management LLC increased its position in SPDR S&P 500 ETF Trust by 6.1% in the 2nd quarter. RiverPoint Capital Management LLC now owns 19,928 shares of the exchange traded fund’s stock valued at $4,819,000 after buying an additional 1,146 shares in the last quarter. State of Wisconsin Investment Board increased its position in SPDR S&P 500 ETF Trust by 196.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 7,760 shares of the exchange traded fund’s stock valued at $1,876,000 after buying an additional 5,145 shares in the last quarter. MUFG Americas Holdings Corp increased its position in SPDR S&P 500 ETF Trust by 1.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 171,534 shares of the exchange traded fund’s stock valued at $41,477,000 after buying an additional 2,269 shares in the last quarter. MEMBERS Trust Co increased its position in SPDR S&P 500 ETF Trust by 0.9% in the 2nd quarter. MEMBERS Trust Co now owns 831,477 shares of the exchange traded fund’s stock valued at $201,051,000 after buying an additional 7,364 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position in SPDR S&P 500 ETF Trust by 24.2% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 14,409 shares of the exchange traded fund’s stock valued at $3,484,000 after buying an additional 2,805 shares in the last quarter.

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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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