Investors sold shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on strength during trading on Friday. $1,939.27 million flowed into the stock on the tick-up and $2,339.29 million flowed out of the stock on the tick-down, for a money net flow of $400.02 million out of the stock. Of all stocks 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 $1.39 for the day and closed at $281.31
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 18th will be issued a dividend of $1.2331 per share. The ex-dividend date is Friday, March 15th. This represents a $4.93 dividend on an annualized basis and a yield of 1.75%.
A number of institutional investors have recently added to or reduced their stakes in the business. Peak Capital Management LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth $28,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $33,000. Riverview Trust Co acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $46,000. Signet Investment Advisory Group Inc. acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $47,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter valued at about $55,000.
WARNING: “Traders Sell SPDR S&P 500 ETF Trust (SPY) on Strength (SPY)” was first published by WKRB News and is the property of of WKRB News. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.wkrb13.com/2019/03/17/traders-sell-spdr-sp-500-etf-trust-spy-on-strength-spy-2.html.
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.
Featured Article: What causes a recession?
Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.