Traders Sell SPDR S&P 500 ETF Trust (SPY) on Strength (SPY)

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Traders sold shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on strength during trading 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 firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Monday, December 24th were paid a $1.4354 dividend. This represents a $5.74 dividend on an annualized basis and a yield of 2.12%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend was Friday, December 21st.

Several hedge funds have recently added to or reduced their stakes in SPY. TD Asset Management Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 58.2% during the 3rd quarter. TD Asset Management Inc. now owns 11,533,679 shares of the company’s stock valued at $3,353,071,000 after buying an additional 4,241,118 shares during the period. Rehmann Capital Advisory Group raised its position in shares of SPDR S&P 500 ETF Trust by 259.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,329,870 shares of the company’s stock valued at $431,401,316,000 after buying an additional 2,403,166 shares during the period. Gradient Investments LLC raised its position in shares of SPDR S&P 500 ETF Trust by 41,603.0% during the 3rd quarter. Gradient Investments LLC now owns 1,407,059 shares of the company’s stock valued at $409,060,000 after buying an additional 1,403,685 shares during the period. Elite Wealth Management Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 100.3% during the 4th quarter. Elite Wealth Management Inc. now owns 3,615 shares of the company’s stock valued at $903,000 after buying an additional 1,174,799 shares during the period. Finally, Hartford Investment Management Co. raised its position in shares of SPDR S&P 500 ETF Trust by 532.4% during the 4th quarter. Hartford Investment Management Co. now owns 1,255,380 shares of the company’s stock valued at $313,745,000 after buying an additional 1,056,880 shares during the period.

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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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