Investors Buy Shares of SPDR S&P 500 ETF Trust (SPY) on Weakness

Traders purchased shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on weakness during trading hours on Monday. $1,498.05 million flowed into the stock on the tick-up and $1,364.81 million flowed out of the stock on the tick-down, for a money net flow of $133.24 million into the stock. Of all companies tracked, SPDR S&P 500 ETF Trust had the 3rd highest net in-flow for the day. SPDR S&P 500 ETF Trust traded down ($0.19) for the day and closed at $289.97

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 18th will be paid 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 1.70%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Peak Capital Management LLC acquired a new position in SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $28,000. Murphy Pohlad Asset Management LLC acquired a new position in SPDR S&P 500 ETF Trust during the 4th quarter worth approximately $33,000. Riverview Trust Co acquired a new position in SPDR S&P 500 ETF Trust during the 4th quarter worth approximately $46,000. Signet Investment Advisory Group Inc. acquired a new position in SPDR S&P 500 ETF Trust during the 4th quarter worth approximately $47,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in SPDR S&P 500 ETF Trust during the 4th quarter worth approximately $55,000.

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About SPDR S&P 500 ETF Trust (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.

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