SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Position Lifted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,087,032 shares of the company’s stock after buying an additional 74,791 shares during the period. SPDR S&P 500 ETF Trust accounts for approximately 0.6% of Parametric Portfolio Associates LLC’s portfolio, making the stock its 26th largest position. Parametric Portfolio Associates LLC owned 0.21% of SPDR S&P 500 ETF Trust worth $524,325,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of SPY. Kohmann Bosshard Financial Services LLC purchased a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $148,000. Akanthos Capital Management LLC purchased a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $158,000. WESPAC Advisors SoCal LLC raised its holdings in SPDR S&P 500 ETF Trust by 68.8% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after acquiring an additional 275 shares during the last quarter. Almanack Investment Partners LLC. raised its holdings in SPDR S&P 500 ETF Trust by 2.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after acquiring an additional 18 shares during the last quarter. Finally, Logan Capital Management Inc. bought a new stake in SPDR S&P 500 ETF Trust in the 2nd quarter worth approximately $201,000.
Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They issued a $3,000.00 target price for the company.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be given a dividend of $1.3513 per share. 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 is Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 1.90%. SPDR S&P 500 ETF Trust’s payout ratio is presently -328.77%.
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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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