Commerce Bank Sells 3,450 Shares of SPDR S&P 500 Trust ETF (SPY)

Commerce Bank reduced its stake in shares of SPDR S&P 500 Trust ETF (NYSEARCA:SPY) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,222 shares of the company’s stock after selling 3,450 shares during the quarter. Commerce Bank’s holdings in SPDR S&P 500 Trust ETF were worth $62,688,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Pinnacle Financial Partners Inc. raised its position in SPDR S&P 500 Trust ETF by 9.7% during the first quarter. Pinnacle Financial Partners Inc. now owns 110,639 shares of the company’s stock valued at $29,114,000 after acquiring an additional 9,821 shares in the last quarter. Torch Wealth Management LLC raised its position in SPDR S&P 500 Trust ETF by 4.2% during the first quarter. Torch Wealth Management LLC now owns 7,388 shares of the company’s stock valued at $1,944,000 after acquiring an additional 300 shares in the last quarter. Exchange Capital Management Inc. raised its position in SPDR S&P 500 Trust ETF by 6.4% during the first quarter. Exchange Capital Management Inc. now owns 6,679 shares of the company’s stock valued at $1,758,000 after acquiring an additional 403 shares in the last quarter. Advisor Partners LLC grew its holdings in SPDR S&P 500 Trust ETF by 52.6% in the first quarter. Advisor Partners LLC now owns 2,095 shares of the company’s stock valued at $551,000 after purchasing an additional 722 shares during the period. Finally, Annex Advisory Services LLC grew its holdings in SPDR S&P 500 Trust ETF by 46.0% in the first quarter. Annex Advisory Services LLC now owns 10,589 shares of the company’s stock valued at $2,786,000 after purchasing an additional 3,338 shares during the period.

Shares of SPY opened at $272.01 on Friday. SPDR S&P 500 Trust ETF has a 12 month low of $270.49 and a 12 month high of $271.99.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Monday, March 19th were issued a $1.0968 dividend. This represents a $4.39 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, March 16th.

About SPDR S&P 500 Trust ETF

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 Trust ETF (NYSEARCA:SPY)

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