Pinebridge Investments L.P. boosted its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 13.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 94,179 shares of the company’s stock after purchasing an additional 10,835 shares during the period. Pinebridge Investments L.P.’s holdings in SPDR S&P 500 ETF Trust were worth $23,660,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPY. Kohmann Bosshard Financial Services LLC purchased a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $148,000. Akanthos Capital Management LLC purchased a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $158,000. WESPAC Advisors SoCal LLC boosted its position in SPDR S&P 500 ETF Trust by 68.8% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock valued at $163,000 after buying an additional 275 shares during the period. Almanack Investment Partners LLC. boosted its position in SPDR S&P 500 ETF Trust by 2.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock valued at $170,000 after buying an additional 18 shares during the period. Finally, Logan Capital Management Inc. purchased a new position in SPDR S&P 500 ETF Trust in the 2nd quarter valued at approximately $201,000.

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $267.51 on Tuesday. SPDR S&P 500 ETF Trust has a 1 year low of $222.73 and a 1 year high of $268.60. The company has a market cap of $277,330.00 and a P/E ratio of -183.23.

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 given a $1.3513 dividend. This represents a $5.41 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, December 15th. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is currently -328.77%.

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

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About SPDR S&P 500 ETF Trust

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.

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

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