American Asset Management Inc. Has $58.17 Million Holdings in SPDR S&P 500 ETF Trust (SPY)

American Asset Management Inc. lessened its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 217,990 shares of the company’s stock after selling 19,273 shares during the period. SPDR S&P 500 ETF Trust makes up approximately 35.3% of American Asset Management Inc.’s holdings, making the stock its largest position. American Asset Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $58,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SPY. Beach Investment Management LLC. acquired a new position in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth about $3,460,000. Thompson Siegel & Walmsley LLC raised its holdings in SPDR S&P 500 ETF Trust by 3.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 57,676 shares of the company’s stock valued at $13,947,000 after acquiring an additional 1,774 shares in the last quarter. Strategic Wealth Partners Group LLC raised its holdings in SPDR S&P 500 ETF Trust by 3.6% in the 2nd quarter. Strategic Wealth Partners Group LLC now owns 86,704 shares of the company’s stock valued at $20,965,000 after acquiring an additional 2,995 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in SPDR S&P 500 ETF Trust by 18.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,980,072 shares of the company’s stock valued at $478,781,000 after acquiring an additional 310,495 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in SPDR S&P 500 ETF Trust by 32.9% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 33,701 shares of the company’s stock valued at $8,149,000 after acquiring an additional 8,351 shares in the last quarter.

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

SPDR S&P 500 ETF Trust (SPY) opened at $279.14 on Friday. The company has a market capitalization of $284,180.00 and a P/E ratio of -191.19. SPDR S&P 500 ETF Trust has a twelve month low of $225.27 and a twelve month high of $280.09.

The company 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 $1.3513 dividend. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date is Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 1.94%. SPDR S&P 500 ETF Trust’s dividend payout ratio 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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Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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