Donald L. Hagan LLC bought a new stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,424 shares of the company’s stock, valued at approximately $380,000.
A number of other hedge funds have also recently made changes to their positions in SPY. Shell Asset Management Co. acquired a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at $1,228,215,000. Truepoint Inc. boosted its position in SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock worth $5,454,000 after acquiring an additional 5,432,046 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in SPDR S&P 500 ETF Trust by 223.2% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the company’s stock worth $757,122,000 after acquiring an additional 2,496,043 shares during the period. Stifel Financial Corp boosted its position in SPDR S&P 500 ETF Trust by 39,815.8% during the 3rd quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock worth $591,527,000 after acquiring an additional 2,347,938 shares during the period. Finally, Bank of Nova Scotia boosted its position in SPDR S&P 500 ETF Trust by 1,280.4% during the 2nd quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock worth $497,031,000 after acquiring an additional 2,226,394 shares during the period.
Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price target for the company.
SPDR S&P 500 ETF Trust (SPY) traded down $6.13 on Friday, reaching $275.45. The company’s stock had a trading volume of 39,860,000 shares. The firm has a market cap of $295,750.00 and a price-to-earnings ratio of -188.66. SPDR S&P 500 ETF Trust has a 12-month low of $228.31 and a 12-month high of $286.63.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were issued a dividend of $1.3513 per share. This represents a $5.41 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, December 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -328.77%.
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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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