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

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Investors bought shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on weakness during trading on Thursday. $2,651.28 million flowed into the stock on the tick-up and $2,249.78 million flowed out of the stock on the tick-down, for a money net flow of $401.50 million into the stock. Of all stocks tracked, SPDR S&P 500 ETF Trust had the highest net in-flow for the day. SPDR S&P 500 ETF Trust traded down ($0.51) for the day and closed at $280.50

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th were paid a $1.3226 dividend. The ex-dividend date of this dividend was Friday, September 21st. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. This represents a $5.29 dividend on an annualized basis and a dividend yield of 1.90%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Merchants Corp grew its holdings in SPDR S&P 500 ETF Trust by 2.1% during the second quarter. First Merchants Corp now owns 8,776 shares of the company’s stock valued at $2,381,000 after purchasing an additional 177 shares during the period. United Asset Strategies Inc. grew its holdings in SPDR S&P 500 ETF Trust by 0.8% during the third quarter. United Asset Strategies Inc. now owns 23,876 shares of the company’s stock valued at $6,941,000 after purchasing an additional 179 shares during the period. LifePlan Financial Group Inc grew its holdings in SPDR S&P 500 ETF Trust by 48.6% during the second quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock valued at $156,000 after purchasing an additional 188 shares during the period. Hallmark Capital Management Inc. grew its holdings in SPDR S&P 500 ETF Trust by 22.9% during the second quarter. Hallmark Capital Management Inc. now owns 1,014 shares of the company’s stock valued at $275,000 after purchasing an additional 189 shares during the period. Finally, Warren Averett Asset Management LLC grew its holdings in SPDR S&P 500 ETF Trust by 1.0% during the third quarter. Warren Averett Asset Management LLC now owns 19,161 shares of the company’s stock valued at $5,570,000 after purchasing an additional 193 shares during the period.

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About SPDR S&P 500 ETF Trust (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.

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