Acropolis Investment Management LLC Sells 1,626 Shares of SPDR S&P 500 ETF Trust (SPY)

Acropolis Investment Management LLC cut its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 52.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,485 shares of the company’s stock after selling 1,626 shares during the period. Acropolis Investment Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SPY. Ameriprise Financial Inc. grew its position in SPDR S&P 500 ETF Trust by 29.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock worth $2,209,311,000 after acquiring an additional 1,988,866 shares during the last quarter. Shell Asset Management Co. bought a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $1,228,215,000. Truepoint Inc. grew its position in SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock worth $5,454,000 after acquiring an additional 5,432,046 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SPDR S&P 500 ETF Trust by 64.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock worth $1,077,361,000 after acquiring an additional 1,676,732 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its position in SPDR S&P 500 ETF Trust by 4.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 3,674,993 shares of the company’s stock worth $923,269,000 after acquiring an additional 142,388 shares during the last quarter.

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

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $276.12 on Friday. The company has a market capitalization of $278,370.00 and a P/E ratio of -189.12. SPDR S&P 500 ETF Trust has a 12-month low of $224.96 and a 12-month high of $276.12.

The firm 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. 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 dividend on an annualized basis and a yield of 1.96%. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

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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.

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

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