Vista Private Wealth Partners. LLC purchased a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,010 shares of the company’s stock, valued at approximately $262,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in SPY. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at $148,000. Akanthos Capital Management LLC bought a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at $158,000. WESPAC Advisors SoCal LLC boosted 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 purchasing an additional 275 shares during the last quarter. Almanack Investment Partners LLC. boosted 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 purchasing an additional 18 shares during the last quarter. Finally, Logan Capital Management Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust in the 2nd quarter valued at $201,000.
Separately, S&P Equity Research initiated coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price objective on the stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be paid a dividend of $1.3513 per share. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a yield of 1.98%. SPDR S&P 500 ETF Trust’s dividend payout ratio is currently -328.77%.
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SPDR S&P 500 ETF Trust Company 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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