Opes Advisors Inc acquired a new stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,482 shares of the company’s stock, valued at approximately $662,000. SPDR S&P 500 ETF Trust accounts for 0.5% of Opes Advisors Inc’s investment portfolio, making the stock its 28th largest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in SPDR S&P 500 ETF Trust in the 4th quarter valued at $100,000. Guidant Wealth Advisors boosted its stake in SPDR S&P 500 ETF Trust by 533.5% in the 4th quarter. Guidant Wealth Advisors now owns 1,267 shares of the company’s stock valued at $114,000 after buying an additional 1,067 shares in the last quarter. Keeler Thomas Management LLC acquired a new stake in SPDR S&P 500 ETF Trust in the 4th quarter valued at $133,000. Portfolio Solutions LLC boosted its stake in SPDR S&P 500 ETF Trust by 137.9% in the 4th quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock valued at $139,000 after buying an additional 302 shares in the last quarter. Finally, Akanthos Capital Management LLC acquired a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter valued at $158,000.
SPDR S&P 500 ETF Trust stock traded down $5.92 on Friday, reaching $259.72. The company’s stock had a trading volume of 179,521,209 shares, compared to its average volume of 120,407,031. SPDR S&P 500 ETF Trust has a twelve month low of $232.51 and a twelve month high of $286.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, March 19th will be paid a $1.0968 dividend. This represents a $4.39 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, March 16th.
Separately, S&P Equity Research assumed coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price objective on the stock.
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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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