Shapiro Capital Management LLC raised its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 202.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 90,989 shares of the company’s stock after buying an additional 60,916 shares during the quarter. Shapiro Capital Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $22,740,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC bought a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $33,000. Riverview Trust Co bought a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $46,000. Signet Investment Advisory Group Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $47,000. First PREMIER Bank raised its stake in shares of SPDR S&P 500 ETF Trust by 134.8% during the fourth quarter. First PREMIER Bank now owns 270 shares of the company’s stock valued at $67,000 after purchasing an additional 155 shares in the last quarter. Finally, Avondale Wealth Management bought a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $75,000.
Shares of NYSEARCA SPY opened at $292.82 on Tuesday. SPDR S&P 500 ETF Trust has a fifty-two week low of $233.76 and a fifty-two week high of $294.95.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, March 18th were paid a dividend of $1.2331 per share. This represents a $4.93 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, March 15th.
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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.
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