SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is Nations Financial Group Inc. IA ADV’s 7th Largest Position

Nations Financial Group Inc. IA ADV trimmed its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,666 shares of the company’s stock after selling 741 shares during the quarter. SPDR S&P 500 ETF Trust makes up about 2.4% of Nations Financial Group Inc. IA ADV’s portfolio, making the stock its 7th largest holding. Nations Financial Group Inc. IA ADV’s holdings in SPDR S&P 500 ETF Trust were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. IFC Holdings Incorporated FL increased its position in SPDR S&P 500 ETF Trust by 7.7% in the 3rd quarter. IFC Holdings Incorporated FL now owns 59,145 shares of the company’s stock valued at $14,871,000 after acquiring an additional 4,236 shares during the period. American Economic Planning Group Inc. ADV increased its position in SPDR S&P 500 ETF Trust by 9.8% in the 3rd quarter. American Economic Planning Group Inc. ADV now owns 4,232 shares of the company’s stock valued at $1,063,000 after acquiring an additional 379 shares during the period. Brouwer & Janachowski LLC increased its position in SPDR S&P 500 ETF Trust by 4.2% in the 3rd quarter. Brouwer & Janachowski LLC now owns 18,528 shares of the company’s stock valued at $4,655,000 after acquiring an additional 750 shares during the period. Crossmark Global Holdings Inc. acquired a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $1,426,000. Finally, Vicus Capital increased its position in shares of SPDR S&P 500 ETF Trust by 3.5% during the third quarter. Vicus Capital now owns 16,252 shares of the company’s stock worth $4,083,000 after buying an additional 543 shares during the period.

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Separately, S&P Equity Research assumed coverage on shares of SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 price objective for the company.

NYSEARCA SPY traded down $5.92 on Friday, hitting $259.72. 179,521,209 shares of the company were exchanged, compared to its average volume of 120,407,031. 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 announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, March 19th will be paid a dividend of $1.0968 per share. This represents a $4.39 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, March 16th.

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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.

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

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