Brown Advisory Inc. Grows Holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Brown Advisory Inc. lifted its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 679,852 shares of the company’s stock after purchasing an additional 13,385 shares during the quarter. Brown Advisory Inc. owned about 0.07% of SPDR S&P 500 ETF Trust worth $181,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of 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 worth $2,209,311,000 after purchasing an additional 1,988,866 shares during the last quarter. ING Groep NV increased its position in SPDR S&P 500 ETF Trust by 719.4% during the fourth quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock valued at $1,605,793,000 after acquiring an additional 5,283,013 shares during the last quarter. Truepoint Inc. increased its position in SPDR S&P 500 ETF Trust by 25,023.2% during the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after acquiring an additional 5,432,046 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR S&P 500 ETF Trust by 64.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock valued at $1,077,361,000 after acquiring an additional 1,676,732 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its position in SPDR S&P 500 ETF Trust by 3.5% during the fourth quarter. First Republic Investment Management Inc. now owns 3,802,318 shares of the company’s stock valued at $1,014,686,000 after acquiring an additional 127,325 shares during the last quarter.

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SPY stock traded down $5.92 during midday trading on Friday, reaching $259.72. 179,521,209 shares of the company traded hands, compared to its average volume of 120,407,031. SPDR S&P 500 ETF Trust has a 52-week low of $232.51 and a 52-week high of $286.63.

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

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

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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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