SPDR S&P 500 ETF Trust (SPY) Stake Raised by Robinson Value Management Ltd.

Robinson Value Management Ltd. lifted its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 22.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,601 shares of the company’s stock after acquiring an additional 471 shares during the quarter. Robinson Value Management Ltd.’s holdings in SPDR S&P 500 ETF Trust were worth $653,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Regal Wealth Group Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 0.5% during 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 last quarter. J.P. Marvel Investment Advisors LLC raised its position in shares of SPDR S&P 500 ETF Trust by 0.3% during 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 last quarter. Almanack Investment Partners LLC. raised its position in shares of SPDR S&P 500 ETF Trust by 2.6% during 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 last quarter. Kings Point Capital Management raised its position in shares of SPDR S&P 500 ETF Trust by 1.5% during 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 last quarter. Finally, Lehman Financial Resources Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 1.3% during 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 last quarter.

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $273.42 on Friday. SPDR S&P 500 ETF Trust has a 1 year low of $224.96 and a 1 year high of $273.56. The firm has a market cap of $285,210.00 and a PE ratio of -187.27.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be given a dividend of $1.3513 per share. This represents a $5.41 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, December 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

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

ILLEGAL ACTIVITY NOTICE: This report was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2018/01/06/spdr-sp-500-etf-trust-spy-stake-raised-by-robinson-value-management-ltd.html.

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.

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit