White Lighthouse Investment Management Inc. acquired a new position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,155 shares of the company’s stock, valued at approximately $1,109,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SPY. Shell Asset Management Co. purchased a new stake in SPDR S&P 500 ETF Trust in the third quarter worth about $1,228,215,000. Truepoint Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 25,023.2% in the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock worth $5,454,000 after buying an additional 5,432,046 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in SPDR S&P 500 ETF Trust by 223.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the company’s stock worth $757,122,000 after buying an additional 2,496,043 shares during the period. Stifel Financial Corp lifted its holdings in SPDR S&P 500 ETF Trust by 39,815.8% in the third quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock worth $591,527,000 after buying an additional 2,347,938 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in SPDR S&P 500 ETF Trust by 1,280.4% in the second quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock worth $497,031,000 after buying an additional 2,226,394 shares during the period.
Separately, S&P Equity Research started coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 price objective for the company.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be issued a dividend of $1.3513 per share. This represents a $5.41 annualized dividend and a dividend yield of 1.97%. 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. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -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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