Northstar Group Inc. increased its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,637 shares of the company’s stock after purchasing an additional 58 shares during the period. Northstar Group Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of SPY. First Trust Advisors LP bought a new position in SPDR S&P 500 ETF Trust in the 1st quarter worth $584,000. Russell Investments Group Ltd. bought a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at about $703,000. Keudell Morrison Wealth Management bought a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at about $7,474,000. AMP Capital Investors Ltd bought a new stake in SPDR S&P 500 ETF Trust during the second quarter valued at about $1,487,000. Finally, Invesco Ltd. increased its position in SPDR S&P 500 ETF Trust by 251.3% in the second quarter. Invesco Ltd. now owns 34,758 shares of the company’s stock worth $10,185,000 after buying an additional 24,864 shares in the last quarter.
NYSEARCA SPY opened at $331.30 on Wednesday. SPDR S&P 500 ETF Trust has a 52 week low of $260.66 and a 52 week high of $332.18. The stock’s 50-day moving average price is $321.81 and its 200-day moving average price is $304.63.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 23rd will be paid a dividend of $1.57 per share. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $6.28 dividend on an annualized basis and a dividend yield of 1.90%.
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.
Read More: Hedge Funds Explained
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