Paragon Capital Management Ltd Has $8.49 Million Position in SPDR S&P 500 ETF Trust (NYSE:SPY)

Paragon Capital Management Ltd decreased its position in SPDR S&P 500 ETF Trust (NYSE:SPY) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,108 shares of the exchange traded fund’s stock after selling 3,192 shares during the period. SPDR S&P 500 ETF Trust comprises about 3.9% of Paragon Capital Management Ltd’s holdings, making the stock its 7th largest position. Paragon Capital Management Ltd’s holdings in SPDR S&P 500 ETF Trust were worth $8,489,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Moloney Securities Asset Management LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 1.6% in the second quarter. Moloney Securities Asset Management LLC now owns 6,896 shares of the exchange traded fund’s stock valued at $1,667,000 after buying an additional 107 shares in the last quarter. Regentatlantic Capital LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 0.5% in the second quarter. Regentatlantic Capital LLC now owns 22,987 shares of the exchange traded fund’s stock valued at $5,558,000 after buying an additional 117 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its stake in shares of SPDR S&P 500 ETF Trust by 11.8% in the second quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 2,177 shares of the exchange traded fund’s stock valued at $525,000 after buying an additional 230 shares in the last quarter. American Economic Planning Group Inc. ADV raised its stake in shares of SPDR S&P 500 ETF Trust by 8.3% in the second quarter. American Economic Planning Group Inc. ADV now owns 3,853 shares of the exchange traded fund’s stock valued at $932,000 after buying an additional 296 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of SPDR S&P 500 ETF Trust by 3.3% in the second quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock valued at $2,702,000 after buying an additional 354 shares in the last quarter.

SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 246.94 on Thursday. The stock’s 50 day moving average price is $245.34 and its 200 day moving average price is $239.41. SPDR S&P 500 ETF Trust has a 12 month low of $208.38 and a 12 month high of $248.91.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were issued a $1.1831 dividend. The ex-dividend date of this dividend was Friday, June 16th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03. This represents a $4.73 annualized dividend and a yield of 1.92%.

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Separately, Goldman Sachs Group, Inc. (The) lifted their target price on SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research note on Wednesday, June 28th.

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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