B. Riley Financial Inc. grew its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 58.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,409 shares of the company’s stock after buying an additional 4,229 shares during the quarter. SPDR S&P 500 ETF Trust accounts for about 0.8% of B. Riley Financial Inc.’s investment portfolio, making the stock its 22nd largest holding. B. Riley Financial Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Beach Investment Management LLC. bought a new position in SPDR S&P 500 ETF Trust during the second quarter worth $3,460,000. State of Wisconsin Investment Board lifted its stake in SPDR S&P 500 ETF Trust by 196.7% during the second quarter. State of Wisconsin Investment Board now owns 7,760 shares of the company’s stock worth $1,876,000 after purchasing an additional 5,145 shares during the last quarter. Hartland & Co. LLC lifted its stake in SPDR S&P 500 ETF Trust by 13.9% during the second quarter. Hartland & Co. LLC now owns 8,000 shares of the company’s stock worth $1,935,000 after purchasing an additional 976 shares during the last quarter. First Personal Financial Services lifted its stake in SPDR S&P 500 ETF Trust by 96.7% during the second quarter. First Personal Financial Services now owns 7,853 shares of the company’s stock worth $1,898,000 after purchasing an additional 3,861 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its stake in SPDR S&P 500 ETF Trust by 24.2% during the second quarter. Douglass Winthrop Advisors LLC now owns 14,409 shares of the company’s stock worth $3,484,000 after purchasing an additional 2,805 shares during the last quarter.

SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $267.32 on Thursday. SPDR S&P 500 ETF Trust has a one year low of $222.73 and a one year high of $268.60. The stock has a market capitalization of $275,410.00 and a price-to-earnings ratio of -183.10.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be paid a dividend of $1.3513 per share. The ex-dividend date is Friday, December 15th. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a yield of 2.02%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.

Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price objective on the stock.

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SPDR S&P 500 ETF Trust 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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