Quadrant Private Wealth Management LLC bought a new position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 4th quarter, HoldingsChannel reports. The fund bought 1,176 shares of the company’s stock, valued at approximately $314,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Berkshire Asset Management LLC PA boosted its stake in shares of SPDR S&P 500 ETF Trust by 12.6% during the fourth quarter. Berkshire Asset Management LLC PA now owns 20,225 shares of the company’s stock valued at $5,397,000 after purchasing an additional 2,264 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of SPDR S&P 500 ETF Trust by 293.2% during the third quarter. State of Wisconsin Investment Board now owns 30,513 shares of the company’s stock valued at $7,666,000 after purchasing an additional 22,753 shares during the period. Bank of Nova Scotia Trust Co. boosted its stake in shares of SPDR S&P 500 ETF Trust by 39.6% during the third quarter. Bank of Nova Scotia Trust Co. now owns 6,360 shares of the company’s stock valued at $1,598,000 after purchasing an additional 1,805 shares during the period. Friedenthal Financial purchased a new stake in shares of SPDR S&P 500 ETF Trust during the third quarter valued at approximately $1,273,000. Finally, Segment Wealth Management LLC boosted its stake in shares of SPDR S&P 500 ETF Trust by 16.4% during the fourth quarter. Segment Wealth Management LLC now owns 47,369 shares of the company’s stock valued at $12,641,000 after purchasing an additional 6,662 shares during the period.
Separately, S&P Equity Research began coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price objective for the company.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were paid a dividend of $1.3513 per share. This represents a $5.41 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, December 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.
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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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