CFO4Life Group LLC Reduces Position in SPDR S&P 500 ETF Trust (SPY)

CFO4Life Group LLC lowered its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 19.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,385 shares of the company’s stock after selling 325 shares during the period. CFO4Life Group LLC’s holdings in SPDR S&P 500 ETF Trust were worth $348,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPY. Shell Asset Management Co. acquired a new position in SPDR S&P 500 ETF Trust during the third quarter valued at approximately $1,228,215,000. Northwestern Mutual Investment Management Company LLC grew its holdings in SPDR S&P 500 ETF Trust by 223.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the company’s stock valued at $757,122,000 after purchasing an additional 2,496,043 shares during the last quarter. Bank of Nova Scotia grew its holdings in SPDR S&P 500 ETF Trust by 1,280.4% during the second quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock valued at $497,031,000 after purchasing an additional 2,226,394 shares during the last quarter. Private Vista LLC grew its holdings in SPDR S&P 500 ETF Trust by 24,630.0% during the second quarter. Private Vista LLC now owns 2,005,105 shares of the company’s stock valued at $399,000 after purchasing an additional 1,996,997 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in SPDR S&P 500 ETF Trust by 29.3% during the third quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after purchasing an additional 1,988,866 shares during the last quarter.

Separately, S&P Equity Research started coverage on SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price target on the stock.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $1.86 during mid-day trading on Monday, reaching $268.37. The company’s stock had a trading volume of 144,590,313 shares, compared to its average volume of 70,501,313. SPDR S&P 500 ETF Trust has a one year low of $222.73 and a one year high of $267.56.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be issued a dividend of $1.3513 per share. This represents a $5.41 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, December 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.

ILLEGAL ACTIVITY WARNING: “CFO4Life Group LLC Reduces Position in SPDR S&P 500 ETF Trust (SPY)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://sportsperspectives.com/2017/12/18/cfo4life-group-llc-reduces-position-in-spdr-sp-500-etf-trust-spy.html.

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.

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply