SPDR S&P 500 ETF Trust (SPY) Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lessened its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,781 shares of the company’s stock after selling 431 shares during the quarter. Pinnacle Associates Ltd.’s holdings in SPDR S&P 500 ETF Trust were worth $34,363,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $148,000. WESPAC Advisors SoCal LLC grew its stake 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 valued at $163,000 after buying an additional 275 shares in the last quarter. Almanack Investment Partners LLC. grew 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 valued at $170,000 after buying an additional 18 shares in the last quarter. Garrison Financial Corp bought a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $202,000. Finally, New England Investment & Retirement Group Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $206,000.

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

Shares of SPDR S&P 500 ETF Trust (SPY) opened at $267.51 on Monday. The company has a market capitalization of $277,330.00 and a P/E ratio of -183.23. SPDR S&P 500 ETF Trust has a 12 month low of $222.73 and a 12 month high of $268.60.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be paid a $1.3513 dividend. 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 dividend yield of 2.02%. SPDR S&P 500 ETF Trust’s payout ratio is presently -328.77%.

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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.

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

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