SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Position Reduced by Addenda Capital Inc.

Addenda Capital Inc. lowered its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,580 shares of the company’s stock after selling 4,593 shares during the period. SPDR S&P 500 ETF Trust makes up about 2.2% of Addenda Capital Inc.’s holdings, making the stock its 11th biggest position. Addenda Capital Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $32,585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wisconsin Investment Board raised its position in shares of SPDR S&P 500 ETF Trust by 293.2% in the third quarter. State of Wisconsin Investment Board now owns 30,513 shares of the company’s stock valued at $7,666,000 after purchasing an additional 22,753 shares during the period. Friedenthal Financial bought a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter valued at approximately $1,273,000. Bank of Nova Scotia Trust Co. raised its position in shares of SPDR S&P 500 ETF Trust by 39.6% in the third quarter. Bank of Nova Scotia Trust Co. now owns 6,360 shares of the company’s stock valued at $1,598,000 after purchasing an additional 1,805 shares during the period. Rothschild Investment Corp IL raised its position in shares of SPDR S&P 500 ETF Trust by 93.2% in the third quarter. Rothschild Investment Corp IL now owns 7,386 shares of the company’s stock valued at $1,856,000 after purchasing an additional 3,564 shares during the period. Finally, Brightworth bought a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter valued at approximately $510,000.

Separately, S&P Equity Research assumed 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.

SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $275.45 on Friday. The company has a market cap of $295,750.00 and a P/E 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. Investors of record on Monday, December 18th were paid a dividend of $1.3513 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 1.96%. This is a boost 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%.

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SPDR S&P 500 ETF Trust Company 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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