Colorado Capital Management Inc. trimmed its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 23,685 shares of the company’s stock after selling 624 shares during the quarter. SPDR S&P 500 ETF Trust comprises approximately 4.4% of Colorado Capital Management Inc.’s portfolio, making the stock its 6th biggest position. Colorado Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $6,320,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in SPDR S&P 500 ETF Trust in the third quarter worth about $148,000. WESPAC Advisors SoCal LLC boosted its position in SPDR S&P 500 ETF Trust by 68.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after purchasing an additional 275 shares during the last quarter. Almanack Investment Partners LLC. boosted its position in SPDR S&P 500 ETF Trust by 2.6% in the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after purchasing an additional 18 shares during the last quarter. Garrison Financial Corp purchased a new position in SPDR S&P 500 ETF Trust in the third quarter worth about $202,000. Finally, New England Investment & Retirement Group Inc. purchased a new position in SPDR S&P 500 ETF Trust in the third quarter worth about $206,000.
SPDR S&P 500 ETF Trust (SPY) opened at $277.92 on Friday. SPDR S&P 500 ETF Trust has a 12-month low of $224.96 and a 12-month high of $278.10. The stock has a market capitalization of $280,440.00 and a PE ratio of -190.36.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be given a dividend of $1.3513 per share. 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 dividend yield of 1.94%. The ex-dividend date is Friday, December 15th. SPDR S&P 500 ETF Trust’s payout ratio is presently -328.77%.
Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They issued a $3,000.00 target price on the stock.
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SPDR S&P 500 ETF Trust 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.
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