Sageworth Trust Co lowered its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 360,887 shares of the company’s stock after selling 2,580 shares during the period. SPDR S&P 500 ETF Trust makes up 14.2% of Sageworth Trust Co’s portfolio, making the stock its 4th largest holding. Sageworth Trust Co’s holdings in SPDR S&P 500 ETF Trust were worth $104,917,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hartford Financial Management Inc. acquired a new position in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $139,000. LifePlan Financial Group Inc grew its position in shares of SPDR S&P 500 ETF Trust by 48.6% during the 2nd quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock worth $156,000 after purchasing an additional 188 shares in the last quarter. WP Advisors LLC acquired a new position in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $165,000. NuWave Investment Management LLC grew its position in shares of SPDR S&P 500 ETF Trust by 283.0% during the 3rd quarter. NuWave Investment Management LLC now owns 609 shares of the company’s stock worth $177,000 after purchasing an additional 450 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its position in shares of SPDR S&P 500 ETF Trust by 15,227.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 43,529 shares of the company’s stock worth $194,000 after purchasing an additional 43,245 shares in the last quarter.

Shares of NYSEARCA:SPY opened at $277.76 on Friday. SPDR S&P 500 ETF Trust has a 12-month low of $252.92 and a 12-month high of $293.94.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th were given a dividend of $1.3226 per share. This represents a $5.29 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, September 21st. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.

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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.

Further Reading: Retained Earnings

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

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