C M Bidwell & Associates Ltd. acquired a new stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 621 shares of the company’s stock, valued at approximately $166,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkshire Asset Management LLC PA raised its stake in shares of SPDR S&P 500 ETF Trust by 12.6% during the 4th quarter. Berkshire Asset Management LLC PA now owns 20,225 shares of the company’s stock valued at $5,397,000 after buying an additional 2,264 shares during the last quarter. State of Wisconsin Investment Board grew its position in shares of SPDR S&P 500 ETF Trust by 293.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 30,513 shares of the company’s stock valued at $7,666,000 after acquiring an additional 22,753 shares during the period. Bank of Nova Scotia Trust Co. grew its position in shares of SPDR S&P 500 ETF Trust by 39.6% during the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 6,360 shares of the company’s stock valued at $1,598,000 after acquiring an additional 1,805 shares during the period. Friedenthal Financial acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter valued at about $1,273,000. Finally, Investment Counsel Inc. grew its position in shares of SPDR S&P 500 ETF Trust by 28.2% during the 4th quarter. Investment Counsel Inc. now owns 7,214 shares of the company’s stock valued at $1,925,000 after acquiring an additional 1,585 shares during the period.

Shares of SPDR S&P 500 ETF Trust (SPY) opened at $269.59 on Thursday. SPDR S&P 500 ETF Trust has a 12-month low of $231.61 and a 12-month high of $286.63. The company has a market capitalization of $276,060.00 and a PE ratio of -184.65.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were given a dividend of $1.3513 per share. The ex-dividend date of this dividend was 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 dividend on an annualized basis and a dividend yield of 2.01%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.

Separately, S&P Equity Research began coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 target price 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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