WealthTrust Fairport LLC Has $984,000 Stake in SPDR S&P 500 ETF Trust (SPY)

WealthTrust Fairport LLC lessened its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 13.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPY. Shell Asset Management Co. bought a new position in SPDR S&P 500 ETF Trust during the third quarter valued at approximately $1,228,215,000. Northwestern Mutual Investment Management Company LLC lifted its position in SPDR S&P 500 ETF Trust by 223.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the company’s stock valued at $757,122,000 after purchasing an additional 2,496,043 shares during the period. Stifel Financial Corp lifted its position in SPDR S&P 500 ETF Trust by 39,815.8% during the third quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock valued at $591,527,000 after purchasing an additional 2,347,938 shares during the period. Bank of Nova Scotia lifted its position in SPDR S&P 500 ETF Trust by 1,280.4% during the second quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock valued at $497,031,000 after purchasing an additional 2,226,394 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in SPDR S&P 500 ETF Trust by 29.3% during the third quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after purchasing an additional 1,988,866 shares during the period.

SPDR S&P 500 ETF Trust (SPY) traded up $3.28 on Friday, reaching $286.58. 18,350,000 shares of the company’s stock traded hands. SPDR S&P 500 ETF Trust has a fifty-two week low of $226.32 and a fifty-two week high of $286.63. The company has a market capitalization of $304,330.00 and a P/E ratio of -196.29.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be given a $1.3513 dividend. The ex-dividend date of this dividend is Friday, December 15th. This is an increase 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 1.89%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -328.77%.

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

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

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