Investors Sell SPDR S&P 500 ETF Trust (SPY) on Strength (SPY)

Traders sold shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on strength during trading on Monday. $1,690.59 million flowed into the stock on the tick-up and $2,030.02 million flowed out of the stock on the tick-down, for a money net flow of $339.43 million out of the stock. Of all equities tracked, SPDR S&P 500 ETF Trust had the 4th highest net out-flow for the day. SPDR S&P 500 ETF Trust traded up $1.02 for the day and closed at $282.33

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 18th will be issued a dividend of $1.2331 per share. The ex-dividend date is Friday, March 15th. This represents a $4.93 annualized dividend and a yield of 1.75%.

Large investors have recently added to or reduced their stakes in the stock. Davidson Investment Advisors increased its stake in shares of SPDR S&P 500 ETF Trust by 1,195.0% in the 4th quarter. Davidson Investment Advisors now owns 10,360 shares of the company’s stock valued at $2,589,000 after purchasing an additional 9,560 shares during the last quarter. Northwest Capital Management Inc increased its stake in shares of SPDR S&P 500 ETF Trust by 31.1% in the 4th quarter. Northwest Capital Management Inc now owns 2,636 shares of the company’s stock valued at $659,000 after purchasing an additional 626 shares during the last quarter. Roundview Capital LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 142.6% in the 3rd quarter. Roundview Capital LLC now owns 8,063 shares of the company’s stock valued at $2,344,000 after purchasing an additional 4,740 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 3.1% in the 4th quarter. Chesley Taft & Associates LLC now owns 61,064 shares of the company’s stock valued at $15,261,000 after purchasing an additional 1,854 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 10.4% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 8,823 shares of the company’s stock valued at $2,205,000 after purchasing an additional 828 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: “Investors Sell SPDR S&P 500 ETF Trust (SPY) on Strength (SPY)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dispatchtribunal.com/2019/03/18/investors-sell-spdr-sp-500-etf-trust-spy-on-strength-spy.html.

SPDR S&P 500 ETF Trust Company Profile (NYSEARCA:SPY)

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.

Further Reading: What is Call Option Volume?

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.