Stony Point Wealth Management Inc. Decreases Stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Stony Point Wealth Management Inc. lowered its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 9.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,721 shares of the company’s stock after selling 291 shares during the period. Stony Point Wealth Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPY. Lumbard & Kellner LLC purchased a new stake in SPDR S&P 500 ETF Trust during the 1st quarter valued at $212,000. Spectrum Wealth Advisory Group LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust in the 1st quarter worth $4,197,000. Princeton Global Asset Management LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 36.3% in the 1st quarter. Princeton Global Asset Management LLC now owns 1,191 shares of the company’s stock worth $336,000 after purchasing an additional 317 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 44.5% in the 1st quarter. Advisory Services Network LLC now owns 63,728 shares of the company’s stock worth $18,002,000 after purchasing an additional 19,614 shares in the last quarter. Finally, M Holdings Securities Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 39.6% in the 1st quarter. M Holdings Securities Inc. now owns 78,583 shares of the company’s stock worth $22,198,000 after purchasing an additional 22,305 shares in the last quarter.

Shares of NYSEARCA:SPY traded up $3.64 during midday trading on Tuesday, hitting $299.67. The company had a trading volume of 29,189,946 shares, compared to its average volume of 74,684,656. SPDR S&P 500 ETF Trust has a 12-month low of $233.76 and a 12-month high of $302.63. The company has a fifty day moving average of $295.24 and a two-hundred day moving average of $291.62.

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

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

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