SPDR S&P 500 ETF Trust (SPY) is SCS Capital Management LLC’s 5th Largest Position

SCS Capital Management LLC lowered its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 701,456 shares of the company’s stock after selling 15,200 shares during the period. SPDR S&P 500 ETF Trust accounts for 4.3% of SCS Capital Management LLC’s portfolio, making the stock its 5th largest holding. SCS Capital Management LLC owned 0.07% of SPDR S&P 500 ETF Trust worth $176,227,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Beach Investment Management LLC. acquired a new position in SPDR S&P 500 ETF Trust during the second quarter valued at approximately $3,460,000. United Asset Strategies Inc. grew its holdings in SPDR S&P 500 ETF Trust by 0.3% during the second quarter. United Asset Strategies Inc. now owns 17,258 shares of the company’s stock valued at $4,173,000 after purchasing an additional 45 shares during the last quarter. Gargoyle Investment Advisor L.L.C. grew its holdings in SPDR S&P 500 ETF Trust by 11.3% during the second quarter. Gargoyle Investment Advisor L.L.C. now owns 36,420 shares of the company’s stock valued at $8,806,000 after purchasing an additional 3,700 shares during the last quarter. Blue Fin Capital Inc. grew its holdings in SPDR S&P 500 ETF Trust by 8.1% during the second quarter. Blue Fin Capital Inc. now owns 5,707 shares of the company’s stock valued at $1,379,000 after purchasing an additional 428 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. grew its holdings in SPDR S&P 500 ETF Trust by 115.2% during the second quarter. Pinnacle Financial Partners Inc. now owns 105,550 shares of the company’s stock valued at $25,521,000 after purchasing an additional 56,499 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $267.51 on Friday. SPDR S&P 500 ETF Trust has a 12-month low of $222.73 and a 12-month high of $268.60. The firm has a market capitalization of $270,390.00 and a P/E ratio of -183.23.

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 $1.3513 dividend. This represents a $5.41 annualized dividend and a dividend yield of 2.02%. 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. SPDR S&P 500 ETF Trust’s dividend payout ratio is currently -328.77%.

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

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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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