Daiwa SB Investments Ltd. lowered its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 44.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,250 shares of the company’s stock after selling 6,610 shares during the period. Daiwa SB Investments Ltd.’s holdings in SPDR S&P 500 ETF Trust were worth $2,062,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SPY. Peak Capital Management LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $28,000. First PREMIER Bank boosted its holdings in SPDR S&P 500 ETF Trust by 134.8% in the 4th quarter. First PREMIER Bank now owns 270 shares of the company’s stock worth $67,000 after buying an additional 155 shares during the period. Highwater Wealth Management LLC bought a new position in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $110,000. Bell Rock Capital LLC bought a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $112,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in SPDR S&P 500 ETF Trust by 402.3% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 437 shares of the company’s stock worth $127,000 after buying an additional 350 shares during the period.
SPY opened at $266.46 on Friday. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $293.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 24th will be issued a $1.4354 dividend. The ex-dividend date of this dividend is Friday, December 21st. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.32. This represents a $5.74 annualized dividend and a yield of 2.15%.
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SPDR S&P 500 ETF Trust 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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