Bridgeworth LLC trimmed its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 91.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,623 shares of the company’s stock after selling 27,151 shares during the period. SPDR S&P 500 ETF Trust accounts for about 0.9% of Bridgeworth LLC’s investment portfolio, making the stock its 23rd biggest holding. Bridgeworth LLC’s holdings in SPDR S&P 500 ETF Trust were worth $662,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter valued at about $148,000. Akanthos Capital Management LLC bought a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter valued at about $158,000. WESPAC Advisors SoCal LLC increased its stake in SPDR S&P 500 ETF Trust by 68.8% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock valued at $163,000 after purchasing an additional 275 shares in the last quarter. Almanack Investment Partners LLC. increased its stake in SPDR S&P 500 ETF Trust by 2.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock valued at $170,000 after purchasing an additional 18 shares in the last quarter. Finally, Logan Capital Management Inc. bought a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter valued at about $201,000.
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $1.80 on Friday, hitting $277.92. 18,380,000 shares of the company were exchanged. The stock has a market capitalization of $280,440.00 and a P/E ratio of -190.36. SPDR S&P 500 ETF Trust has a one year low of $224.96 and a one year high of $278.10.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be issued a dividend of $1.3513 per share. The ex-dividend date is Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 1.94%. 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 payout ratio is currently -328.77%.
Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price target for the company.
COPYRIGHT VIOLATION NOTICE: “SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Shares Sold by Bridgeworth LLC” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/13/bridgeworth-llc-has-662000-holdings-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.
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.