Lourd Capital LLC acquired a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,634 shares of the company’s stock, valued at approximately $1,056,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Hartford Financial Management Inc. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $139,000. LifePlan Financial Group Inc increased its holdings in shares of SPDR S&P 500 ETF Trust by 48.6% during the 2nd quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock worth $156,000 after buying an additional 188 shares during the last quarter. WP Advisors LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $165,000. AllSquare Wealth Management LLC increased its holdings in shares of SPDR S&P 500 ETF Trust by 182.8% during the 1st quarter. AllSquare Wealth Management LLC now owns 642 shares of the company’s stock worth $169,000 after buying an additional 415 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV increased its holdings in shares of SPDR S&P 500 ETF Trust by 15,227.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 43,529 shares of the company’s stock worth $194,000 after buying an additional 43,245 shares during the last quarter.

Shares of NYSEARCA SPY opened at $275.95 on Friday. SPDR S&P 500 ETF Trust has a 1 year low of $252.92 and a 1 year high of $293.94.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, September 24th will be issued a dividend of $1.3226 per share. The ex-dividend date of this dividend is Friday, September 21st. This represents a $5.29 dividend on an annualized basis and a dividend yield of 1.92%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.

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: Diversification For Individual Investors

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

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