Simply Money Advisors Has $39.49 Million Stake in SPDR S&P 500 ETF Trust (SPY)

Simply Money Advisors decreased its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 147,977 shares of the company’s stock after selling 16,447 shares during the quarter. SPDR S&P 500 ETF Trust accounts for approximately 5.1% of Simply Money Advisors’ holdings, making the stock its 7th largest position. Simply Money Advisors’ holdings in SPDR S&P 500 ETF Trust were worth $39,489,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SPY. Beach Investment Management LLC. bought a new position in shares of SPDR S&P 500 ETF Trust in the second quarter worth $3,460,000. American Asset Management Inc. lifted its holdings in shares of SPDR S&P 500 ETF Trust by 13.5% in the second quarter. American Asset Management Inc. now owns 235,314 shares of the company’s stock valued at $56,899,000 after buying an additional 27,941 shares during the period. Proffitt & Goodson Inc. lifted its holdings in shares of SPDR S&P 500 ETF Trust by 1.4% in the second quarter. Proffitt & Goodson Inc. now owns 272,381 shares of the company’s stock valued at $65,862,000 after buying an additional 3,685 shares during the period. Sfmg LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust by 1.9% in the second quarter. Sfmg LLC now owns 125,436 shares of the company’s stock valued at $30,330,000 after buying an additional 2,320 shares during the period. Finally, Financial Advisory Group lifted its holdings in shares of SPDR S&P 500 ETF Trust by 2.1% in the second quarter. Financial Advisory Group now owns 249,549 shares of the company’s stock valued at $60,341,000 after buying an additional 5,250 shares during the period.

Shares of SPDR S&P 500 ETF Trust (SPY) traded up $0.62 during trading on Tuesday, hitting $274.54. The stock had a trading volume of 12,500,000 shares. The firm has a market capitalization of $276,780.00 and a price-to-earnings ratio of -188.04. SPDR S&P 500 ETF Trust has a twelve month low of $224.96 and a twelve month high of $275.24.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be issued a $1.3513 dividend. This is a positive change 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 1.97%. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

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

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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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