Steward Partners Investment Advisory LLC Buys 25,508 Shares of SPDR S&P 500 ETF Trust (SPY)

Steward Partners Investment Advisory LLC lifted its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,751 shares of the company’s stock after purchasing an additional 25,508 shares during the quarter. SPDR S&P 500 ETF Trust accounts for 3.8% of Steward Partners Investment Advisory LLC’s investment portfolio, making the stock its largest holding. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P 500 ETF Trust were worth $49,836,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SPY. Regal Wealth Group Inc. grew its stake in SPDR S&P 500 ETF Trust by 0.5% in the 2nd quarter. Regal Wealth Group Inc. now owns 849 shares of the company’s stock valued at $205,000 after purchasing an additional 4 shares during the period. J.P. Marvel Investment Advisors LLC grew its stake in SPDR S&P 500 ETF Trust by 0.3% in the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 3,539 shares of the company’s stock valued at $856,000 after purchasing an additional 9 shares during the period. Almanack Investment Partners LLC. grew its stake in SPDR S&P 500 ETF Trust by 2.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock valued at $170,000 after purchasing an additional 18 shares during the period. Lehman Financial Resources Inc. grew its stake in SPDR S&P 500 ETF Trust by 1.3% in the 2nd quarter. Lehman Financial Resources Inc. now owns 1,976 shares of the company’s stock valued at $476,000 after purchasing an additional 25 shares during the period. Finally, WealthTrust Fairport LLC grew its stake in SPDR S&P 500 ETF Trust by 0.6% in the 2nd quarter. WealthTrust Fairport LLC now owns 4,526 shares of the company’s stock valued at $1,094,000 after purchasing an additional 29 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 up $3.54 during trading hours on Wednesday, hitting $269.59. The company’s stock had a trading volume of 31,010,000 shares. The stock has a market cap of $276,060.00 and a PE ratio of -184.65. SPDR S&P 500 ETF Trust has a 1 year low of $231.61 and a 1 year 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 issued a dividend of $1.3513 per share. This represents a $5.41 dividend on an annualized basis and a dividend yield of 2.01%. 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. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) 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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