SeaCrest Wealth Management LLC acquired a new position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,647 shares of the company’s stock, valued at approximately $2,308,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPY. Carnegie Capital Asset Management LLC lifted its position in shares of SPDR S&P 500 ETF Trust by 1.8% in the second quarter. Carnegie Capital Asset Management LLC now owns 68,572 shares of the company’s stock worth $16,967,000 after buying an additional 1,205 shares in the last quarter. InterOcean Capital LLC lifted its position in shares of SPDR S&P 500 ETF Trust by 2.1% in the second quarter. InterOcean Capital LLC now owns 265,720 shares of the company’s stock worth $64,251,000 after buying an additional 5,500 shares in the last quarter. Chilton Capital Management LLC lifted its position in shares of SPDR S&P 500 ETF Trust by 14.1% in the second quarter. Chilton Capital Management LLC now owns 74,771 shares of the company’s stock worth $18,080,000 after buying an additional 9,219 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of SPDR S&P 500 ETF Trust by 78.0% in the second quarter. Arete Wealth Advisors LLC now owns 5,959 shares of the company’s stock worth $1,441,000 after buying an additional 2,612 shares in the last quarter. Finally, People s United Financial Inc. lifted its position in shares of SPDR S&P 500 ETF Trust by 17.8% in the second quarter. People s United Financial Inc. now owns 93,146 shares of the company’s stock worth $22,523,000 after buying an additional 14,102 shares in the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $269.59 on Thursday. SPDR S&P 500 ETF Trust has a 52-week low of $231.61 and a 52-week high of $286.63. The stock has a market capitalization of $276,060.00 and a P/E ratio of -184.65.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders 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 an increase 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 2.01%. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

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

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SPDR S&P 500 ETF Trust Company 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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