SPDR S&P 500 ETF Trust (SPY) Position Trimmed by MCF Advisors LLC

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MCF Advisors LLC lowered its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,719 shares of the company’s stock after selling 1,879 shares during the quarter. SPDR S&P 500 ETF Trust makes up approximately 15.2% of MCF Advisors LLC’s holdings, making the stock its biggest position. MCF Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $86,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPY. Financial Advisory Group grew its stake in SPDR S&P 500 ETF Trust by 2.4% in the first quarter. Financial Advisory Group now owns 268,774 shares of the company’s stock valued at $70,728,000 after purchasing an additional 6,255 shares in the last quarter. Night Owl Capital Management LLC bought a new stake in shares of SPDR S&P 500 ETF Trust during the 1st quarter worth about $261,000. Laurel Wealth Advisors Inc. boosted its stake in shares of SPDR S&P 500 ETF Trust by 52.2% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 11,569 shares of the company’s stock worth $3,044,000 after acquiring an additional 3,967 shares in the last quarter. Integre Asset Management LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 12.1% during the 1st quarter. Integre Asset Management LLC now owns 10,229 shares of the company’s stock worth $2,692,000 after acquiring an additional 1,108 shares in the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 3,969.6% during the 1st quarter. Private Capital Group LLC now owns 67,026 shares of the company’s stock worth $17,711,000 after acquiring an additional 65,379 shares in the last quarter.

SPY opened at $267.77 on Wednesday. SPDR S&P 500 ETF Trust has a 52-week low of $252.92 and a 52-week high of $293.94.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, September 24th will be paid a dividend of $1.3226 per share. This represents a $5.29 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, September 21st. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.

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.

Further Reading: Why is the conference call important?

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

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