MEMBERS Trust Co increased its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 845,091 shares of the company’s stock after acquiring an additional 11,579 shares during the period. SPDR S&P 500 ETF Trust makes up approximately 11.7% of MEMBERS Trust Co’s portfolio, making the stock its 2nd biggest holding. MEMBERS Trust Co owned 0.08% of SPDR S&P 500 ETF Trust worth $225,521,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Independence Bank of Kentucky acquired a new stake in SPDR S&P 500 ETF Trust in the fourth quarter valued at $100,000. Keeler Thomas Management LLC acquired a new stake in SPDR S&P 500 ETF Trust in the fourth quarter valued at $133,000. Icon Wealth Partners LLC acquired a new stake in SPDR S&P 500 ETF Trust in the fourth quarter valued at $133,000. Portfolio Solutions LLC grew its holdings in 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 purchasing an additional 302 shares during the last quarter. Finally, Premia Global Advisors LLC acquired a new stake in SPDR S&P 500 ETF Trust in the fourth quarter valued at $144,000.
SPDR S&P 500 ETF Trust stock opened at $259.72 on Monday. SPDR S&P 500 ETF Trust has a fifty-two week low of $232.51 and a fifty-two week high of $286.63.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, March 19th will be issued a $1.0968 dividend. This represents a $4.39 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, March 16th.
Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 target price on the stock.
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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.
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