Financial Partners Capital Management LLC reduced its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,558 shares of the company’s stock after selling 4,195 shares during the quarter. SPDR S&P 500 ETF Trust makes up 4.8% of Financial Partners Capital Management LLC’s portfolio, making the stock its biggest holding. Financial Partners Capital Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $25,263,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR S&P 500 ETF Trust during the third quarter valued at about $148,000. Akanthos Capital Management LLC purchased a new stake in SPDR S&P 500 ETF Trust during the third quarter valued at about $158,000. WESPAC Advisors SoCal LLC grew its position in SPDR S&P 500 ETF Trust by 68.8% during the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock valued at $163,000 after acquiring an additional 275 shares during the period. Almanack Investment Partners LLC. grew its position in SPDR S&P 500 ETF Trust by 2.6% during the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock valued at $170,000 after acquiring an additional 18 shares during the period. Finally, Logan Capital Management Inc. purchased a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at about $201,000.
Separately, S&P Equity Research began coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 price target for the company.
Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $2.00 on Thursday, reaching $276.12. The company had a trading volume of 12,470,000 shares. The stock has a market capitalization of $278,370.00 and a P/E ratio of -189.12. SPDR S&P 500 ETF Trust has a 1 year low of $224.96 and a 1 year high of $276.12.
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. The ex-dividend date is Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a yield of 1.96%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio is currently -328.77%.
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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.
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