SPDR S&P 500 ETF Trust (SPY) is Sun Life Financial INC’s Largest Position

Sun Life Financial INC lowered its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,279,840 shares of the company’s stock after selling 128,728 shares during the period. SPDR S&P 500 ETF Trust accounts for approximately 31.8% of Sun Life Financial INC’s investment portfolio, making the stock its biggest holding. Sun Life Financial INC owned approximately 0.13% of SPDR S&P 500 ETF Trust worth $321,534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Estate Counselors LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 6.6% during the third quarter. Estate Counselors LLC now owns 175,850 shares of the company’s stock worth $44,179,000 after purchasing an additional 10,890 shares during the period. Darrell & King LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 12.5% during the third quarter. Darrell & King LLC now owns 5,946 shares of the company’s stock worth $1,494,000 after purchasing an additional 661 shares during the period. Brown Advisory Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 12.9% during the third quarter. Brown Advisory Inc. now owns 666,467 shares of the company’s stock worth $167,437,000 after purchasing an additional 76,284 shares during the period. Edgewood Management LLC increased its stake in SPDR S&P 500 ETF Trust by 31.9% during the 3rd quarter. Edgewood Management LLC now owns 4,616 shares of the company’s stock worth $1,160,000 after acquiring an additional 1,116 shares during the period. Finally, Captrust Financial Advisors increased its stake in SPDR S&P 500 ETF Trust by 14.2% during the 3rd quarter. Captrust Financial Advisors now owns 1,170,734 shares of the company’s stock worth $294,124,000 after acquiring an additional 145,714 shares during the period.

SPDR S&P 500 ETF Trust (SPY) opened at $267.51 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 company has a market capitalization of $270,390.00 and a price-to-earnings ratio of -183.23.

The business also recently disclosed 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 represents a $5.41 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, December 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.

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

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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.

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

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