Kazazian Asset Management LLC Grows Position in SPDR S&P 500 ETF Trust (SPY)

Kazazian Asset Management LLC boosted its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 11.0% during the fourth quarter, HoldingsChannel reports. The firm owned 32,839 shares of the company’s stock after acquiring an additional 3,255 shares during the period. SPDR S&P 500 ETF Trust accounts for about 9.0% of Kazazian Asset Management LLC’s portfolio, making the stock its 2nd largest position. Kazazian Asset Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $8,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter valued at $100,000. Guidant Wealth Advisors raised its stake in shares of SPDR S&P 500 ETF Trust by 533.5% in the fourth quarter. Guidant Wealth Advisors now owns 1,267 shares of the company’s stock valued at $114,000 after acquiring an additional 1,067 shares during the period. Keeler Thomas Management LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter valued at $133,000. Icon Wealth Partners LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter valued at $133,000. Finally, Portfolio Solutions LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 137.9% in the fourth quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock valued at $139,000 after acquiring an additional 302 shares during the period.

How to Become a New Pot Stock Millionaire

Separately, S&P Equity Research assumed coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 target price on the stock.

SPY stock opened at $259.72 on Friday. SPDR S&P 500 ETF Trust has a 12 month low of $232.51 and a 12 month high of $286.63.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, March 19th will be paid a $1.0968 dividend. This represents a $4.39 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, March 16th.

ILLEGAL ACTIVITY WARNING: “Kazazian Asset Management LLC Grows Position in SPDR S&P 500 ETF Trust (SPY)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/kazazian-asset-management-llc-grows-position-in-spdr-sp-500-etf-trust-spy.html.

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.

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply