Ingalls & Snyder LLC lowered its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 3,861 shares of the company’s stock after selling 185 shares during the period. Ingalls & Snyder LLC’s holdings in SPDR S&P 500 ETF Trust were worth $1,243,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hoey Investments Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter worth $50,000. Atwater Malick LLC bought a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter worth $70,000. Financial Advantage Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter worth $81,000. Accurate Investment Solutions Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter worth $82,000. Finally, Contravisory Investment Management Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 79.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 258 shares of the company’s stock worth $83,000 after buying an additional 114 shares during the last quarter.
Shares of NYSEARCA:SPY opened at $328.19 on Thursday. The company has a fifty day simple moving average of $319.74 and a 200 day simple moving average of $303.52. SPDR S&P 500 ETF Trust has a 12-month low of $259.96 and a 12-month high of $329.02.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 23rd will be paid a $1.57 dividend. This represents a $6.28 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, December 20th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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