SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is First United Bank Trust’s 5th Largest Position

First United Bank Trust lessened its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,970 shares of the company’s stock after selling 887 shares during the period. SPDR S&P 500 ETF Trust comprises about 2.6% of First United Bank Trust’s portfolio, making the stock its 5th largest holding. First United Bank Trust’s holdings in SPDR S&P 500 ETF Trust were worth $4,146,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Camarda Financial Advisors LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $51,000. Contravisory Investment Management Inc. increased its stake in SPDR S&P 500 ETF Trust by 43.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after buying an additional 73 shares in the last quarter. Founders Capital Management increased its stake in SPDR S&P 500 ETF Trust by 23.2% during the 2nd quarter. Founders Capital Management now owns 260 shares of the company’s stock worth $76,000 after buying an additional 49 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $90,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $91,000.

NYSEARCA:SPY opened at $296.25 on Friday. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $302.63. The stock has a 50 day moving average of $294.75 and a two-hundred day moving average of $291.38.

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

SPDR S&P 500 ETF Trust Company 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.

See Also: What does it mean to hold a stock in street name?

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

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.