Dean Capital Investments Management LLC Invests $2.48 Million in SPDR S&P 500 ETF Trust (SPY)

Dean Capital Investments Management LLC bought a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,288 shares of the company’s stock, valued at approximately $2,479,000. SPDR S&P 500 ETF Trust accounts for approximately 1.0% of Dean Capital Investments Management LLC’s investment portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds have also modified their holdings of SPY. Delphi Private Advisors LLC grew its stake in shares of SPDR S&P 500 ETF Trust by 53.1% in the 4th quarter. Delphi Private Advisors LLC now owns 2,432 shares of the company’s stock valued at $649,000 after buying an additional 843 shares in the last quarter. Orca Investment Management LLC bought a new stake in shares of SPDR S&P 500 ETF Trust in the 4th quarter valued at approximately $1,358,000. Cullen Frost Bankers Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 5.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 108,424 shares of the company’s stock valued at $28,934,000 after buying an additional 5,171 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of SPDR S&P 500 ETF Trust by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,753,798 shares of the company’s stock valued at $1,001,762,000 after buying an additional 91,174 shares in the last quarter. Finally, Resources Investment Advisors Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 4,412.5% in the 4th quarter. Resources Investment Advisors Inc. now owns 15,523 shares of the company’s stock valued at $4,142,000 after buying an additional 15,179 shares in the last quarter.

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

Shares of SPDR S&P 500 ETF Trust (SPY) opened at $261.50 on Friday. The stock has a market capitalization of $271,860.00 and a P/E ratio of -179.11. SPDR S&P 500 ETF Trust has a 12-month low of $229.52 and a 12-month high of $286.63.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were given a dividend of $1.3513 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a yield of 2.07%. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio is presently -328.77%.

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

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