Rehmann Capital Advisory Group Buys 23,696 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Rehmann Capital Advisory Group boosted its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 309.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,342 shares of the company’s stock after purchasing an additional 23,696 shares during the quarter. SPDR S&P 500 ETF Trust makes up 1.1% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 18th largest position. Rehmann Capital Advisory Group’s holdings in SPDR S&P 500 ETF Trust were worth $9,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Camarda Financial Advisors LLC bought a new position in SPDR S&P 500 ETF Trust in the 2nd quarter worth about $51,000. Contravisory Investment Management Inc. boosted its stake in SPDR S&P 500 ETF Trust by 43.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after purchasing an additional 73 shares during the period. Founders Capital Management boosted its stake in SPDR S&P 500 ETF Trust by 23.2% in the 2nd quarter. Founders Capital Management now owns 260 shares of the company’s stock worth $76,000 after purchasing an additional 49 shares during the period. Paragon Capital Management LLC bought a new position in SPDR S&P 500 ETF Trust in the 1st quarter worth about $79,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in SPDR S&P 500 ETF Trust in the 2nd quarter worth about $90,000.

Shares of SPY traded down $3.56 during trading hours on Tuesday, reaching $293.29. 41,490,337 shares of the company’s stock traded hands, compared to its average volume of 74,433,875. The firm’s 50 day simple moving average is $294.04 and its 200-day simple moving average is $290.76. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $302.63.

The firm also recently declared a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $1.3836 per share. The ex-dividend date is Friday, September 20th. This represents a dividend yield of 1.8%.

SPDR S&P 500 ETF Trust 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.

Further Reading: Catch-Up Contributions

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

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