SPDR S&P 500 ETF Trust (SPY) Stake Decreased by Bell Bank

Bell Bank cut its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,532 shares of the company’s stock after selling 2,372 shares during the period. SPDR S&P 500 ETF Trust comprises 16.9% of Bell Bank’s portfolio, making the stock its 2nd largest holding. Bell Bank’s holdings in SPDR S&P 500 ETF Trust were worth $57,917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P 500 ETF Trust by 64.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock worth $1,077,361,000 after acquiring an additional 1,676,732 shares during the last quarter. National Asset Management Inc. lifted its position in SPDR S&P 500 ETF Trust by 58.5% during the third quarter. National Asset Management Inc. now owns 23,755 shares of the company’s stock valued at $5,970,000 after purchasing an additional 8,767 shares during the last quarter. Evercore Wealth Management LLC lifted its position in SPDR S&P 500 ETF Trust by 97.0% during the third quarter. Evercore Wealth Management LLC now owns 69,938 shares of the company’s stock valued at $17,571,000 after purchasing an additional 34,445 shares during the last quarter. Private Advisor Group LLC lifted its position in SPDR S&P 500 ETF Trust by 0.3% during the third quarter. Private Advisor Group LLC now owns 315,578 shares of the company’s stock valued at $80,099,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Summit Equities Inc lifted its position in SPDR S&P 500 ETF Trust by 82.8% during the third quarter. Summit Equities Inc now owns 3,396 shares of the company’s stock valued at $853,000 after purchasing an additional 1,538 shares during the last quarter.

Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 target price for the company.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $276.12 on Friday. SPDR S&P 500 ETF Trust has a 1-year low of $224.96 and a 1-year high of $276.12. The firm has a market cap of $278,370.00 and a PE ratio of -189.12.

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

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

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