Cypress Asset Management Inc. TX lessened its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 10.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,125 shares of the company’s stock after selling 493 shares during the period. Cypress Asset Management Inc. TX’s holdings in SPDR S&P 500 ETF Trust were worth $1,101,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of SPY. Portfolio Solutions LLC raised its position in SPDR S&P 500 ETF Trust by 137.9% during the fourth quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock valued at $139,000 after purchasing an additional 302 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR S&P 500 ETF Trust during the third quarter valued at about $148,000. Orrstown Financial Services Inc. raised its position in SPDR S&P 500 ETF Trust by 73.1% during the fourth quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock valued at $158,000 after purchasing an additional 250 shares in the last quarter. FC Advisory LLC purchased a new stake in SPDR S&P 500 ETF Trust during the fourth quarter valued at about $200,000. Finally, Bristol County Savings Bank bought a new position in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at about $207,000.
Separately, S&P Equity Research began coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price objective on the stock.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were paid a dividend of $1.3513 per share. This is a boost 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 2.07%. The ex-dividend date of this dividend was Friday, December 15th. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.
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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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