Successful Portfolios LLC Lowers Position in SPDR S&P 500 ETF Trust (SPY)

Successful Portfolios LLC cut its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,853 shares of the company’s stock after selling 563 shares during the period. SPDR S&P 500 ETF Trust comprises about 8.5% of Successful Portfolios LLC’s investment portfolio, making the stock its biggest position. Successful Portfolios LLC’s holdings in SPDR S&P 500 ETF Trust were worth $7,807,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. purchased a new position in shares of SPDR S&P 500 ETF Trust in the second quarter valued at about $139,000. LifePlan Financial Group Inc lifted its position in shares of SPDR S&P 500 ETF Trust by 48.6% in the second quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock valued at $156,000 after acquiring an additional 188 shares in the last quarter. WP Advisors LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the second quarter valued at about $165,000. Mainstay Capital Management LLC ADV lifted its position in shares of SPDR S&P 500 ETF Trust by 15,227.1% in the second quarter. Mainstay Capital Management LLC ADV now owns 43,529 shares of the company’s stock valued at $194,000 after acquiring an additional 43,245 shares in the last quarter. Finally, Trilogy Capital Inc. purchased a new position in shares of SPDR S&P 500 ETF Trust in the second quarter valued at about $197,000.

Shares of SPDR S&P 500 ETF Trust stock opened at $280.40 on Wednesday. SPDR S&P 500 ETF Trust has a 52 week low of $252.92 and a 52 week high of $293.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, September 24th will be given a $1.3226 dividend. This represents a $5.29 annualized dividend and a dividend yield of 1.89%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, September 21st.

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.

Further Reading: How to calculate the intrinsic value of a stock

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

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