Alta Capital Management LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 18,326 shares of the company’s stock, valued at approximately $4,890,000.
Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 29.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after buying an additional 1,988,866 shares during the period. Shell Asset Management Co. purchased a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter worth $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 purchasing an additional 5,432,046 shares during the period. Envestnet Asset Management Inc. boosted its position in SPDR S&P 500 ETF Trust by 64.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock worth $1,077,361,000 after purchasing an additional 1,676,732 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in SPDR S&P 500 ETF Trust by 4.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 3,674,993 shares of the company’s stock worth $923,269,000 after purchasing an additional 142,388 shares during the period.
Separately, S&P Equity Research started coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 price objective on the stock.
Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $3.84 during mid-day trading on Monday, reaching $265.34. 33,860,000 shares of the company’s stock were exchanged. The firm has a market cap of $271,770.00 and a price-to-earnings ratio of -181.74. SPDR S&P 500 ETF Trust has a 52-week low of $230.62 and a 52-week high of $286.63.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were paid a $1.3513 dividend. This represents a $5.41 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date 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 is -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.
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