Pinnacle Family Advisors LLC Invests $6.15 Million in SPDR S&P 500 ETF Trust (SPY)

Pinnacle Family Advisors LLC bought a new stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,419 shares of the exchange traded fund’s stock, valued at approximately $6,146,000. SPDR S&P 500 ETF Trust comprises about 3.4% of Pinnacle Family Advisors LLC’s holdings, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CKW Financial Group grew its stake in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. CKW Financial Group now owns 606 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 2 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in SPDR S&P 500 ETF Trust by 0.3% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,183 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 4 shares during the period. Regal Wealth Group Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 0.5% during the second quarter. Regal Wealth Group Inc. now owns 849 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 4 shares during the period. J.P. Marvel Investment Advisors LLC lifted its holdings in SPDR S&P 500 ETF Trust by 0.3% during the second quarter. J.P. Marvel Investment Advisors LLC now owns 3,539 shares of the exchange traded fund’s stock worth $856,000 after buying an additional 9 shares during the period. Finally, Mcrae Capital Management Inc. lifted its holdings in shares of SPDR S&P 500 ETF Trust by 0.9% during the 2nd quarter. Mcrae Capital Management Inc. now owns 1,405 shares of the exchange traded fund’s stock valued at $340,000 after purchasing an additional 13 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSE SPY) traded down $0.08 on Friday, hitting $258.09. The stock had a trading volume of 59,984,662 shares. SPDR S&P 500 ETF Trust has a 12-month low of $215.22 and a 12-month high of $259.35.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, September 18th were given a $1.2346 dividend. This represents a $4.94 annualized dividend and a dividend yield of 1.91%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Friday, September 15th.

WARNING: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/pinnacle-family-advisors-llc-acquires-shares-of-25419-spdr-sp-500-etf-trust-spy.html.

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.

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

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply