Aspen Investment Management Inc Sells 1,384 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Aspen Investment Management Inc cut its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,946 shares of the company’s stock after selling 1,384 shares during the quarter. SPDR S&P 500 ETF Trust comprises about 10.6% of Aspen Investment Management Inc’s investment portfolio, making the stock its largest position. Aspen Investment Management Inc’s holdings in SPDR S&P 500 ETF Trust were worth $14,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SPY. State of Wisconsin Investment Board grew its stake in SPDR S&P 500 ETF Trust by 293.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 30,513 shares of the company’s stock valued at $7,666,000 after acquiring an additional 22,753 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $1,273,000. MEMBERS Trust Co boosted its stake in shares of SPDR S&P 500 ETF Trust by 0.9% during the 2nd quarter. MEMBERS Trust Co now owns 831,477 shares of the company’s stock worth $201,051,000 after purchasing an additional 7,364 shares during the last quarter. Rothschild Investment Corp IL boosted its stake in shares of SPDR S&P 500 ETF Trust by 93.2% during the 3rd quarter. Rothschild Investment Corp IL now owns 7,386 shares of the company’s stock worth $1,856,000 after purchasing an additional 3,564 shares during the last quarter. Finally, Brightworth acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $510,000.

Shares of SPDR S&P 500 ETF Trust (SPY) traded up $1.06 during mid-day trading on Thursday, hitting $275.18. 2,980,000 shares of the stock traded hands. SPDR S&P 500 ETF Trust has a 1-year low of $224.96 and a 1-year high of $275.27. The stock has a market cap of $277,420.00 and a price-to-earnings ratio of -188.48.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be issued a $1.3513 dividend. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend is Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 1.96%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -328.77%.

Separately, S&P Equity Research initiated coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price target on the stock.

TRADEMARK VIOLATION NOTICE: “Aspen Investment Management Inc Sells 1,384 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/11/aspen-investment-management-inc-decreases-position-in-spdr-sp-500-etf-trust-spy.html.

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.

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