Graves Light Private Wealth Management Inc. lessened its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,224 shares of the company’s stock after selling 105 shares during the quarter. Graves Light Private Wealth Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Hoey Investments Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter worth $50,000. Atwater Malick LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the third quarter valued at $70,000. Financial Advantage Inc. purchased a new position in shares of SPDR S&P 500 ETF Trust in the third quarter valued at $81,000. Accurate Investment Solutions Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust during the 4th quarter valued at $82,000. Finally, Contravisory Investment Management Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 79.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 258 shares of the company’s stock valued at $83,000 after purchasing an additional 114 shares during the period.
Shares of SPY opened at $331.29 on Wednesday. SPDR S&P 500 ETF Trust has a 52-week low of $260.66 and a 52-week high of $332.18. The stock’s 50-day simple moving average is $321.81 and its 200 day simple moving average is $304.63.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $1.57 per share. This represents a $6.28 dividend on an annualized basis and a yield of 1.90%. 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.
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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