Three Peaks Capital Management LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,583 shares of the company’s stock, valued at approximately $2,290,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Guidant Wealth Advisors raised its position in SPDR S&P 500 ETF Trust by 533.5% in the fourth quarter. Guidant Wealth Advisors now owns 1,267 shares of the company’s stock valued at $114,000 after purchasing an additional 1,067 shares during the period. Portfolio Solutions LLC grew its stake in shares of SPDR S&P 500 ETF Trust by 137.9% in the fourth quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock worth $139,000 after acquiring an additional 302 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of SPDR S&P 500 ETF Trust in the third quarter worth $148,000. Akanthos Capital Management LLC acquired a new position in shares of SPDR S&P 500 ETF Trust in the third quarter worth $158,000. Finally, Orrstown Financial Services Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 73.1% in the fourth quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock worth $158,000 after acquiring an additional 250 shares in the last quarter.
Separately, S&P Equity Research began 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 target for the company.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were paid a $1.3513 dividend. 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 was Friday, December 15th. This represents a $5.41 annualized dividend and a dividend yield of 2.02%. SPDR S&P 500 ETF Trust’s payout ratio is -328.77%.
COPYRIGHT VIOLATION NOTICE: This story was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2018/02/08/8583-shares-in-spdr-sp-500-etf-trust-spy-acquired-by-three-peaks-capital-management-llc.html.
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).
Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.