SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. lowered its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,289 shares of the company’s stock after selling 216 shares during the quarter. SPDR S&P 500 ETF Trust comprises 1.0% of First Business Financial Services Inc.’s portfolio, making the stock its 12th largest position. First Business Financial Services Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $6,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Camarda Financial Advisors LLC bought a new position in SPDR S&P 500 ETF Trust during the 2nd quarter valued at $51,000. Atwater Malick LLC acquired a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth $70,000. Contravisory Investment Management Inc. boosted its stake in SPDR S&P 500 ETF Trust by 43.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 242 shares of the company’s stock worth $71,000 after purchasing an additional 73 shares during the period. Founders Capital Management boosted its stake in SPDR S&P 500 ETF Trust by 23.2% in the 2nd quarter. Founders Capital Management now owns 260 shares of the company’s stock worth $76,000 after purchasing an additional 49 shares during the period. Finally, Financial Advantage Inc. acquired a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth $81,000.

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NYSEARCA:SPY traded up $0.76 on Friday, hitting $308.94. 40,572,151 shares of the company’s stock were exchanged, compared to its average volume of 72,494,539. The firm has a 50-day moving average price of $298.78 and a 200-day moving average price of $293.53. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $309.65.

The company also recently announced a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $1.3836 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a dividend 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.

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

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