Steward Partners Investment Advisory LLC increased its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 15.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 186,751 shares of the company’s stock after purchasing an additional 25,508 shares during the quarter. SPDR S&P 500 ETF Trust makes up approximately 3.8% of Steward Partners Investment Advisory LLC’s investment portfolio, making the stock its largest position. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P 500 ETF Trust were worth $49,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPY. Beach Investment Management LLC. acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at approximately $3,460,000. Fiduciary Trust Co. lifted its holdings in SPDR S&P 500 ETF Trust by 1.4% during the 2nd quarter. Fiduciary Trust Co. now owns 28,858 shares of the company’s stock valued at $6,978,000 after purchasing an additional 395 shares during the last quarter. Chatham Capital Group Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 20.4% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,166 shares of the company’s stock valued at $1,007,000 after purchasing an additional 705 shares during the last quarter. Polaris Greystone Financial Group LLC acquired a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter valued at $393,000. Finally, Shoker Investment Counsel Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 3.5% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 19,213 shares of the company’s stock valued at $4,645,000 after purchasing an additional 653 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust (SPY) opened at $282.69 on Tuesday. SPDR S&P 500 ETF Trust has a twelve month low of $225.27 and a twelve month high of $282.69. The stock has a market capitalization of $295,680.00 and a price-to-earnings ratio of -193.62.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be issued a dividend of $1.3513 per share. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend is Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 1.91%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is currently -328.77%.

Separately, S&P Equity Research assumed coverage on SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price target for the company.

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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.

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)

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