SPDR S&P 500 ETF Trust (SPY) Position Boosted by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC increased its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,009 shares of the company’s stock after purchasing an additional 504 shares during the quarter. SPDR S&P 500 ETF Trust comprises about 1.3% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 21st biggest holding. Chesley Taft & Associates LLC’s holdings in SPDR S&P 500 ETF Trust were worth $15,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPY. State of Wisconsin Investment Board raised its holdings in shares of SPDR S&P 500 ETF Trust by 293.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 30,513 shares of the company’s stock worth $7,666,000 after purchasing an additional 22,753 shares during the period. Friedenthal Financial purchased a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth about $1,273,000. Rothschild Investment Corp IL raised its holdings in shares of SPDR S&P 500 ETF Trust by 93.2% in the 3rd quarter. Rothschild Investment Corp IL now owns 7,386 shares of the company’s stock worth $1,856,000 after purchasing an additional 3,564 shares during the period. Brightworth purchased a new position in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth about $510,000. Finally, Buckingham Asset Management LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 57.5% in the 2nd quarter. Buckingham Asset Management LLC now owns 13,927 shares of the company’s stock worth $3,367,000 after purchasing an additional 5,084 shares during the period.

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded down $0.48 during trading on Wednesday, hitting $274.06. The stock had a trading volume of 5,500,000 shares. The stock has a market cap of $276,290.00 and a P/E ratio of -187.71. SPDR S&P 500 ETF Trust has a 52 week low of $224.96 and a 52 week high of $275.25.

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 represents a $5.41 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend is Friday, December 15th. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.

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

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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.

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)

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