SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Shares Sold by GenWealth Group Inc.

GenWealth Group Inc. reduced its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 44,861 shares of the company’s stock after selling 776 shares during the quarter. SPDR S&P 500 ETF Trust comprises approximately 5.5% of GenWealth Group Inc.’s holdings, making the stock its 7th largest position. GenWealth Group Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $13,313,000 at the end of the most recent quarter.

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 acquired a new position in shares of SPDR S&P 500 ETF Trust during the second quarter worth about $51,000. Contravisory Investment Management Inc. grew its position in shares of 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 worth $71,000 after buying an additional 73 shares in the last quarter. Founders Capital Management grew its position in shares of 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 worth $76,000 after buying an additional 49 shares in the last quarter. Paragon Capital Management LLC acquired a new position in shares of SPDR S&P 500 ETF Trust during the first quarter worth about $79,000. Finally, JCIC Asset Management Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 231.6% during the first quarter. JCIC Asset Management Inc. now owns 315 shares of the company’s stock worth $89,000 after buying an additional 220 shares in the last quarter.

Shares of SPDR S&P 500 ETF Trust stock traded down $0.43 on Monday, reaching $293.92. 2,655,398 shares of the company were exchanged, compared to its average volume of 74,793,398. SPDR S&P 500 ETF Trust has a 1-year low of $233.76 and a 1-year high of $302.63. The stock’s 50 day moving average price is $294.14 and its 200-day moving average price is $290.95.

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

About SPDR S&P 500 ETF Trust

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.

Read More: What is the Difference Between Common Shares and Convertible Shares?

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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