Tdam USA Inc. Purchases New Holdings in SPDR S&P 500 ETF Trust (SPY)

Tdam USA Inc. purchased a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 847 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors have also added to or reduced their stakes in SPY. American International Group Inc. increased its position in SPDR S&P 500 ETF Trust by 100.0% in the third quarter. American International Group Inc. now owns 311,216 shares of the company’s stock worth $78,187,000 after purchasing an additional 155,600 shares during the period. Highland Private Wealth Management increased its position in SPDR S&P 500 ETF Trust by 1.8% in the third quarter. Highland Private Wealth Management now owns 72,849 shares of the company’s stock worth $18,302,000 after purchasing an additional 1,277 shares during the period. Oppenheimer & Co. Inc. increased its position in SPDR S&P 500 ETF Trust by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 76,564 shares of the company’s stock worth $19,235,000 after purchasing an additional 274 shares during the period. Gratus Capital LLC increased its position in SPDR S&P 500 ETF Trust by 39.8% in the third quarter. Gratus Capital LLC now owns 3,359 shares of the company’s stock worth $568,000 after purchasing an additional 957 shares during the period. Finally, Oakworth Capital Inc. increased its position in SPDR S&P 500 ETF Trust by 10.9% in the third quarter. Oakworth Capital Inc. now owns 24,686 shares of the company’s stock worth $6,110,000 after purchasing an additional 2,430 shares during the period.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $1.86 during mid-day trading on Monday, reaching $268.37. The company had a trading volume of 144,590,313 shares, compared to its average volume of 70,501,313. SPDR S&P 500 ETF Trust has a 1 year low of $222.73 and a 1 year high of $267.56.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be given a $1.3513 dividend. This represents a $5.41 dividend on an annualized basis and a yield of 2.01%. This is a positive change 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. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -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 issued a $3,000.00 price objective for the company.

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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.

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

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