Private Advisor Group LLC boosted its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,578 shares of the company’s stock after buying an additional 1,035 shares during the period. SPDR S&P 500 ETF Trust makes up 2.0% of Private Advisor Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Private Advisor Group LLC’s holdings in SPDR S&P 500 ETF Trust were worth $80,099,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPY. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth $148,000. Akanthos Capital Management LLC bought a new stake in SPDR S&P 500 ETF Trust in the third quarter worth $158,000. WESPAC Advisors SoCal LLC lifted its stake in SPDR S&P 500 ETF Trust by 68.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after purchasing an additional 275 shares during the last quarter. Almanack Investment Partners LLC. lifted its stake in SPDR S&P 500 ETF Trust by 2.6% in the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after purchasing an additional 18 shares during the last quarter. Finally, Logan Capital Management Inc. bought a new stake in SPDR S&P 500 ETF Trust in the second quarter worth $201,000.

SPDR S&P 500 ETF Trust (SPY) opened at $267.19 on Wednesday. The company has a market cap of $275,270.00 and a PE ratio of -183.01. SPDR S&P 500 ETF Trust has a one year low of $222.73 and a one year high of $268.60.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be given a dividend of $1.3513 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $5.41 annualized dividend and a dividend yield of 2.02%. 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 payout ratio is currently -419.86%.

Separately, S&P Equity Research assumed coverage on shares of 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.

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

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