K.J. Harrison & Partners Inc Raises Stake in SPDR S&P 500 ETF Trust (SPY)

K.J. Harrison & Partners Inc grew its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.6% during the third quarter, HoldingsChannel.com reports. The fund owned 14,764 shares of the company’s stock after purchasing an additional 373 shares during the quarter. SPDR S&P 500 ETF Trust makes up about 1.1% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 22nd biggest holding. K.J. Harrison & Partners Inc’s holdings in SPDR S&P 500 ETF Trust were worth $4,292,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Northwest Capital Management Inc raised its position in shares of SPDR S&P 500 ETF Trust by 17.3% during the 3rd quarter. Northwest Capital Management Inc now owns 2,010 shares of the company’s stock worth $584,000 after buying an additional 296 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of SPDR S&P 500 ETF Trust by 2.8% during the 3rd quarter. State Treasurer State of Michigan now owns 1,529,415 shares of the company’s stock worth $444,632,000 after buying an additional 42,265 shares in the last quarter. North Point Portfolio Managers Corp OH bought a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $211,000. Paulson Wealth Management Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 15.1% during the 3rd quarter. Paulson Wealth Management Inc. now owns 25,622 shares of the company’s stock worth $7,010,000 after buying an additional 3,353 shares in the last quarter. Finally, Asset Advisors Investment Management LLC bought a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $2,726,000.

NYSEARCA SPY opened at $271.89 on Monday. SPDR S&P 500 ETF Trust has a 12 month low of $252.92 and a 12 month high of $293.94.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Monday, September 24th were issued a $1.3226 dividend. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. This represents a $5.29 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, September 21st.

About SPDR S&P 500 ETF Trust

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.

Featured Article: Risk Tolerance and Your Investment Decisions

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