Security National Trust Co. lowered its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,537 shares of the company’s stock after selling 1,562 shares during the quarter. SPDR S&P 500 ETF Trust accounts for 3.2% of Security National Trust Co.’s holdings, making the stock its 4th biggest position. Security National Trust Co.’s holdings in SPDR S&P 500 ETF Trust were worth $10,016,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth $1,228,215,000. Truepoint Inc. boosted its stake in SPDR S&P 500 ETF Trust by 25,023.2% in the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after buying an additional 5,432,046 shares in the last quarter. Stifel Financial Corp boosted its stake in SPDR S&P 500 ETF Trust by 39,815.8% in the third quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock valued at $591,527,000 after buying an additional 2,347,938 shares in the last quarter. Bank of Nova Scotia boosted its stake in SPDR S&P 500 ETF Trust by 1,280.4% in the second quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock valued at $497,031,000 after buying an additional 2,226,394 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in SPDR S&P 500 ETF Trust by 29.3% in the third 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 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. The firm has a market capitalization of $271,260.00 and a PE ratio of -182.95. SPDR S&P 500 ETF Trust has a 12-month low of $231.61 and a 12-month high of $286.63.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, December 18th were given a dividend of $1.3513 per share. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.41 annualized dividend and a dividend yield of 2.01%. SPDR S&P 500 ETF Trust’s payout ratio is presently -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 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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