WealthTrust Fairport LLC reduced its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 13.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,917 shares of the company’s stock after selling 609 shares during the period. WealthTrust Fairport LLC’s holdings in SPDR S&P 500 ETF Trust were worth $984,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPY. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the third quarter worth $148,000. Akanthos Capital Management LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the third quarter worth $158,000. WESPAC Advisors SoCal LLC grew its stake in shares of 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 worth $163,000 after purchasing an additional 275 shares during the period. Almanack Investment Partners LLC. grew its stake in shares of 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 worth $170,000 after purchasing an additional 18 shares during the period. Finally, Logan Capital Management Inc. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter worth $201,000.
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $277.92 on Friday. The firm has a market capitalization of $280,440.00 and a PE ratio of -190.36. SPDR S&P 500 ETF Trust has a twelve month low of $224.96 and a twelve month high of $278.10.
The firm also recently announced 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 of this dividend is Friday, December 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a yield of 1.94%. SPDR S&P 500 ETF Trust’s payout ratio is currently -328.77%.
Separately, S&P Equity Research assumed coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price objective for the company.
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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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