Traders Sell Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) on Strength (NYSE:SPY)

Investors sold shares of SPDR S&P 500 ETF Trust (NYSE:SPY) on strength during trading on Tuesday. $842.45 million flowed into the stock on the tick-up and $1,356.49 million flowed out of the stock on the tick-down, for a money net flow of $514.04 million out of the stock. Of all companies tracked, SPDR S&P 500 ETF Trust had the 0th highest net out-flow for the day. SPDR S&P 500 ETF Trust traded up $0.55 for the day and closed at $247.32

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

The stock’s 50 day moving average is $245.37 and its 200 day moving average is $239.54.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Tuesday, June 20th were given a dividend of $1.1831 per share. This represents a $4.73 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Friday, June 16th. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.03.

A number of institutional investors have recently bought and sold shares of SPY. Lockheed Martin Investment Management Co. boosted its position in SPDR S&P 500 ETF Trust by 285.3% in the second quarter. Lockheed Martin Investment Management Co. now owns 99,800 shares of the exchange traded fund’s stock valued at $24,132,000 after buying an additional 73,900 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in SPDR S&P 500 ETF Trust by 55.1% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 6,108 shares of the exchange traded fund’s stock valued at $1,477,000 after buying an additional 2,169 shares during the period. Osborne Partners Capital Management LLC boosted its position in SPDR S&P 500 ETF Trust by 0.4% in the second quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock valued at $31,257,000 after buying an additional 577 shares during the period. Moloney Securities Asset Management LLC boosted its position in 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 during the period. Finally, SPC Financial Inc. boosted its position in SPDR S&P 500 ETF Trust by 42.3% in the second quarter. SPC Financial Inc. now owns 1,707 shares of the exchange traded fund’s stock valued at $413,000 after buying an additional 507 shares during the period.

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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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