Investors Sell Shares of SPDR S&P 500 ETF Trust (SPY) on Strength (SPY)

Investors sold shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on strength during trading hours on Monday. $1,816.28 million flowed into the stock on the tick-up and $2,083.14 million flowed out of the stock on the tick-down, for a money net flow of $266.86 million out of the stock. Of all stocks tracked, SPDR S&P 500 ETF Trust had the highest net out-flow for the day. SPDR S&P 500 ETF Trust traded up $0.15 for the day and closed at $270.62

The business also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Monday, December 24th were given a $1.4354 dividend. The ex-dividend date was Friday, December 21st. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.32. This represents a $5.74 dividend on an annualized basis and a yield of 2.12%.

Several large investors have recently made changes to their positions in SPY. Peak Capital Management LLC purchased a new position in SPDR S&P 500 ETF Trust during the third quarter worth about $28,000. Signet Investment Advisory Group Inc. purchased a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $47,000. First PREMIER Bank raised its holdings in SPDR S&P 500 ETF Trust by 134.8% during the fourth quarter. First PREMIER Bank now owns 270 shares of the company’s stock worth $67,000 after purchasing an additional 155 shares in the last quarter. Avondale Wealth Management purchased a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $75,000. Finally, JJJ Advisors Inc. raised its holdings in SPDR S&P 500 ETF Trust by 17.3% during the fourth quarter. JJJ Advisors Inc. now owns 318 shares of the company’s stock worth $79,000 after purchasing an additional 47 shares in the last quarter.

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SPDR S&P 500 ETF Trust Company Profile (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.

Read More: Intrinsic Value

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