Cetera Advisor Networks LLC Cuts Holdings in SPDR S&P 500 ETF Trust (SPY)

Cetera Advisor Networks LLC reduced its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,485 shares of the company’s stock after selling 1,541 shares during the quarter. SPDR S&P 500 ETF Trust accounts for 1.9% of Cetera Advisor Networks LLC’s investment portfolio, making the stock its 9th biggest holding. Cetera Advisor Networks LLC’s holdings in SPDR S&P 500 ETF Trust were worth $41,850,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPY. Ameriprise Financial Inc. increased 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 acquiring an additional 1,988,866 shares during the last quarter. Shell Asset Management Co. acquired a new position in shares of SPDR S&P 500 ETF Trust in the third quarter worth $1,228,215,000. Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 64.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock worth $1,077,361,000 after acquiring an additional 1,676,732 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 4.0% in the third quarter. First Republic Investment Management Inc. now owns 3,674,993 shares of the company’s stock worth $923,269,000 after acquiring an additional 142,388 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 223.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the company’s stock worth $757,122,000 after acquiring an additional 2,496,043 shares during the last quarter.

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $271.61 on Friday. SPDR S&P 500 ETF Trust has a one year low of $224.96 and a one year high of $272.16. The firm has a market cap of $283,320.00 and a price-to-earnings ratio of -186.03.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be paid a $1.3513 dividend. The ex-dividend date of this dividend is Friday, December 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 dividend on an annualized basis and a dividend yield of 1.99%. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price target on the stock.

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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.

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

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