Iron Financial LLC lifted its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,805 shares of the company’s stock after purchasing an additional 7,664 shares during the quarter. SPDR S&P 500 ETF Trust comprises 11.5% of Iron Financial LLC’s holdings, making the stock its 2nd biggest position. Iron Financial LLC’s holdings in SPDR S&P 500 ETF Trust were worth $16,493,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in SPY. Shell Asset Management Co. acquired a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at $1,228,215,000. Truepoint Inc. grew its holdings in shares of 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 in the last quarter. Stifel Financial Corp grew its holdings in shares of 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 purchasing an additional 2,347,938 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of 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 purchasing an additional 2,226,394 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings 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 worth $2,209,311,000 after purchasing an additional 1,988,866 shares in the last quarter.
Shares of SPDR S&P 500 ETF Trust (SPY) traded up $2.79 during trading on Wednesday, reaching $268.79. The company’s stock had a trading volume of 65,726,232 shares, compared to its average volume of 125,608,406. SPDR S&P 500 ETF Trust has a 12-month low of $231.61 and a 12-month high of $286.63. The firm has a market capitalization of $271,260.00 and a PE ratio of -182.95.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were given a $1.3513 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 2.01%. 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%.
Separately, S&P Equity Research started coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They issued a $3,000.00 target price for the company.
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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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