SPDR S&P 500 ETF Trust (SPY) Holdings Reduced by Portland Global Advisors LLC
Portland Global Advisors LLC cut its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 194,470 shares of the company’s stock after selling 1,502 shares during the quarter. SPDR S&P 500 ETF Trust comprises approximately 19.2% of Portland Global Advisors LLC’s investment portfolio, making the stock its largest holding. Portland Global Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $51,896,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in SPY. Shell Asset Management Co. acquired a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at about $1,228,215,000. Truepoint Inc. lifted its stake in shares of SPDR S&P 500 ETF Trust by 25,023.2% in the 3rd 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 period. British Airways Pensions Investment Management Ltd acquired a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter valued at about $645,764,000. Stifel Financial Corp lifted its stake in shares of SPDR S&P 500 ETF Trust by 39,815.8% in the 3rd quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock valued at $591,527,000 after purchasing an additional 2,347,938 shares during the period. Finally, Bank of Nova Scotia lifted its stake in shares of SPDR S&P 500 ETF Trust by 1,280.4% in the 2nd quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock valued at $497,031,000 after purchasing an additional 2,226,394 shares during the period.
Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price objective on the stock.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were paid a $1.3513 dividend. This represents a $5.41 dividend on an annualized basis and a dividend yield of 2.03%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Friday, December 15th. SPDR S&P 500 ETF Trust’s payout ratio is currently -328.77%.
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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