Gratus Capital LLC grew its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 39.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,359 shares of the company’s stock after buying an additional 957 shares during the quarter. Gratus Capital LLC’s holdings in SPDR S&P 500 ETF Trust were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $148,000. WESPAC Advisors SoCal LLC grew its stake in SPDR S&P 500 ETF Trust by 68.8% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock valued at $163,000 after buying an additional 275 shares in the last quarter. Almanack Investment Partners LLC. grew its stake in SPDR S&P 500 ETF Trust by 2.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock valued at $170,000 after buying an additional 18 shares in the last quarter. Garrison Financial Corp purchased a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at approximately $202,000. Finally, New England Investment & Retirement Group Inc. purchased a new position in shares of SPDR S&P 500 ETF Trust during the 3rd quarter valued at $206,000.
Separately, S&P Equity Research started coverage on shares of SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 price target for the company.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be given a dividend of $1.3513 per share. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, December 15th. SPDR S&P 500 ETF Trust’s payout ratio is -328.77%.
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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