SPDR S&P 500 ETF Trust (SPY) Shares Bought by Telemus Capital LLC
Telemus Capital LLC grew its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 56.2% during the fourth quarter, HoldingsChannel reports. The fund owned 229,934 shares of the company’s stock after purchasing an additional 82,693 shares during the quarter. SPDR S&P 500 ETF Trust makes up 4.7% of Telemus Capital LLC’s investment portfolio, making the stock its 3rd biggest position. Telemus Capital LLC’s holdings in SPDR S&P 500 ETF Trust were worth $61,361,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of SPY. Shell Asset Management Co. bought 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. boosted its stake 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 in the last quarter. British Airways Pensions Investment Management Ltd bought a new position in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at approximately $645,764,000. Stifel Financial Corp boosted its stake in SPDR S&P 500 ETF Trust by 39,815.8% in the third quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock valued at $591,527,000 after acquiring an additional 2,347,938 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in SPDR S&P 500 ETF Trust by 1,280.4% in the second quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock valued at $497,031,000 after acquiring an additional 2,226,394 shares in the last quarter.
Separately, S&P Equity Research started coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 target price for the company.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were paid a $1.3513 dividend. This represents a $5.41 annualized dividend and a 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 was Friday, December 15th. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -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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