Algert Global LLC increased its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 175.8% in the 4th quarter, Holdings Channel reports. The firm owned 9,423 shares of the company’s stock after buying an additional 6,006 shares during the period. Algert Global LLC’s holdings in SPDR S&P 500 ETF Trust were worth $2,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of SPDR S&P 500 ETF Trust by 29.3% during the third quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after purchasing an additional 1,988,866 shares during the last quarter. Shell Asset Management Co. purchased a new position in shares of SPDR S&P 500 ETF Trust during the third quarter valued at approximately $1,228,215,000. Truepoint Inc. raised its holdings in shares of SPDR S&P 500 ETF Trust by 25,023.2% during the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after purchasing an additional 5,432,046 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SPDR S&P 500 ETF Trust by 64.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock valued at $1,077,361,000 after purchasing an additional 1,676,732 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR S&P 500 ETF Trust by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,753,798 shares of the company’s stock valued at $1,001,762,000 after purchasing an additional 91,174 shares during the last quarter.

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

SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $261.50 on Friday. SPDR S&P 500 ETF Trust has a twelve month low of $229.52 and a twelve month high of $286.63. The firm has a market cap of $271,860.00 and a P/E ratio of -179.11.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were issued a dividend of $1.3513 per share. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, December 15th. SPDR S&P 500 ETF Trust’s dividend payout ratio is currently -328.77%.

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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.

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

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