Claraphi Advisory Network LLC bought a new position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the fourth quarter, HoldingsChannel reports. The firm bought 3,528 shares of the company’s stock, valued at approximately $942,000. SPDR S&P 500 ETF Trust makes up about 0.7% of Claraphi Advisory Network LLC’s portfolio, making the stock its 28th biggest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC purchased a new position in SPDR S&P 500 ETF Trust during the second quarter worth approximately $51,177,000. Colonial Trust Advisors purchased a new position in SPDR S&P 500 ETF Trust during the second quarter worth approximately $356,000. FTB Advisors Inc. boosted its position in SPDR S&P 500 ETF Trust by 12.8% during the second quarter. FTB Advisors Inc. now owns 102,883 shares of the company’s stock worth $25,345,000 after purchasing an additional 11,713 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in SPDR S&P 500 ETF Trust by 1.5% during the second quarter. Peapack Gladstone Financial Corp now owns 126,525 shares of the company’s stock worth $30,594,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Monetary Management Group Inc. boosted its position in SPDR S&P 500 ETF Trust by 44.0% during the second quarter. Monetary Management Group Inc. now owns 2,455 shares of the company’s stock worth $594,000 after purchasing an additional 750 shares in the last quarter.
Separately, S&P Equity Research initiated 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.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were issued a dividend of $1.3513 per share. The ex-dividend date was Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio is presently -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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