SPDR S&P 500 ETF Trust (SPY) Holdings Lifted by Founders Financial Securities LLC

Founders Financial Securities LLC raised its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,231 shares of the company’s stock after acquiring an additional 3,601 shares during the quarter. SPDR S&P 500 ETF Trust makes up 5.3% of Founders Financial Securities LLC’s portfolio, making the stock its 3rd biggest position. Founders Financial Securities LLC’s holdings in SPDR S&P 500 ETF Trust were worth $14,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth about $148,000. WESPAC Advisors SoCal LLC lifted its position in shares of 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 buying an additional 275 shares during the last quarter. Almanack Investment Partners LLC. lifted its position 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 buying an additional 18 shares during the last quarter. Garrison Financial Corp bought a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth about $202,000. Finally, New England Investment & Retirement Group Inc. bought a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth about $206,000.

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

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $267.58 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $222.73 and a 52 week high of $268.60.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be paid a dividend of $1.3513 per share. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date is Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 2.02%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -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.

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

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