Valmark Advisers Inc. Sells 2,615 Shares of SPDR S&P 500 Trust ETF (SPY)

Valmark Advisers Inc. lessened its stake in SPDR S&P 500 Trust ETF (NYSEARCA:SPY) by 43.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,448 shares of the company’s stock after selling 2,615 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR S&P 500 Trust ETF were worth $907,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. ING Groep NV increased its position in shares of SPDR S&P 500 Trust ETF by 719.4% during the fourth quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock valued at $1,605,793,000 after acquiring an additional 5,283,013 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of SPDR S&P 500 Trust ETF by 3.5% during the fourth quarter. First Republic Investment Management Inc. now owns 3,802,318 shares of the company’s stock valued at $1,014,686,000 after acquiring an additional 127,325 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P 500 Trust ETF by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,753,798 shares of the company’s stock valued at $1,001,762,000 after acquiring an additional 91,174 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of SPDR S&P 500 Trust ETF by 499.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,482,221 shares of the company’s stock valued at $662,211,000 after acquiring an additional 2,068,342 shares during the last quarter. Finally, British Airways Pensions Investment Management Ltd purchased a new stake in shares of SPDR S&P 500 Trust ETF during the fourth quarter valued at approximately $645,764,000.

Shares of SPY opened at $273.37 on Tuesday. SPDR S&P 500 Trust ETF has a 12 month low of $238.82 and a 12 month high of $286.63.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Monday, March 19th were given a dividend of $1.0968 per share. This represents a $4.39 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, March 16th.

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

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