SPDR S&P 500 ETF Trust (SPY) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. lowered its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 50.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 941 shares of the company’s stock after selling 955 shares during the period. Verity Asset Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Regal Wealth Group Inc. lifted its stake in shares of SPDR S&P 500 ETF Trust by 0.5% in the 2nd quarter. Regal Wealth Group Inc. now owns 849 shares of the company’s stock worth $205,000 after purchasing an additional 4 shares during the period. J.P. Marvel Investment Advisors LLC lifted its stake in shares of SPDR S&P 500 ETF Trust by 0.3% in the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 3,539 shares of the company’s stock worth $856,000 after purchasing an additional 9 shares during the period. Almanack Investment Partners LLC. lifted its stake in shares of 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 purchasing an additional 18 shares during the period. Kings Point Capital Management lifted its stake in shares of SPDR S&P 500 ETF Trust by 1.5% in the 2nd quarter. Kings Point Capital Management now owns 1,617 shares of the company’s stock worth $391,000 after purchasing an additional 24 shares during the period. Finally, Lehman Financial Resources Inc. lifted its stake in shares of SPDR S&P 500 ETF Trust by 1.3% in the 2nd quarter. Lehman Financial Resources Inc. now owns 1,976 shares of the company’s stock worth $476,000 after purchasing an additional 25 shares during the period.

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

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $267.03 on Thursday. SPDR S&P 500 ETF Trust has a fifty-two week low of $222.73 and a fifty-two week high of $268.60.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be issued a $1.3513 dividend. This represents a $5.41 annualized dividend and a yield of 2.02%. 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 is currently -328.77%.

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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.

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

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