MA Private Wealth raised its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 50.6% during the third quarter, HoldingsChannel reports. The firm owned 1,818 shares of the company’s stock after purchasing an additional 611 shares during the period. MA Private Wealth’s holdings in SPDR S&P 500 ETF Trust were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPY. Camarda Financial Advisors LLC purchased a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at about $51,000. Contravisory Investment Management Inc. raised its position in SPDR S&P 500 ETF Trust by 43.2% during the second quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock valued at $71,000 after purchasing an additional 73 shares in the last quarter. Founders Capital Management raised its position in SPDR S&P 500 ETF Trust by 23.2% during the second quarter. Founders Capital Management now owns 260 shares of the company’s stock valued at $76,000 after purchasing an additional 49 shares in the last quarter. Paragon Capital Management LLC purchased a new stake in SPDR S&P 500 ETF Trust during the first quarter valued at about $79,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at about $90,000.

NYSEARCA SPY traded up $1.74 during trading hours on Thursday, reaching $293.01. 33,963,502 shares of the stock traded hands, compared to its average volume of 74,798,141. The stock has a 50 day simple moving average of $294.59 and a two-hundred day simple moving average of $291.21. SPDR S&P 500 ETF Trust has a 1 year low of $233.76 and a 1 year high of $302.63.

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

SPDR S&P 500 ETF Trust 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.

Further Reading: How Do I Invest in Dividend Stocks

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)

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