Cullinan Associates Inc. Sells 2,513 Shares of SPDR S&P 500 ETF Trust (SPY)

Cullinan Associates Inc. trimmed its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 6.9% during the fourth quarter, Holdings Channel reports. The fund owned 33,975 shares of the company’s stock after selling 2,513 shares during the period. Cullinan Associates Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $9,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Portfolio Solutions LLC boosted its position in shares of SPDR S&P 500 ETF Trust by 137.9% in the fourth quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock worth $139,000 after buying an additional 302 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter worth $148,000. Orrstown Financial Services Inc. boosted its position in shares of SPDR S&P 500 ETF Trust by 73.1% in the fourth quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock worth $158,000 after buying an additional 250 shares during the period. WESPAC Advisors SoCal LLC boosted its position in shares of SPDR S&P 500 ETF Trust by 68.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after buying an additional 275 shares during the period. Finally, Almanack Investment Partners LLC. boosted its position in shares of SPDR S&P 500 ETF Trust by 2.6% in the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after buying an additional 18 shares during the period.

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 price objective for the company.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $279.14 on Friday. The stock has a market capitalization of $284,180.00 and a price-to-earnings ratio of -191.19. SPDR S&P 500 ETF Trust has a 12-month low of $225.27 and a 12-month high of $280.09.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be given 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. The ex-dividend date of this dividend is Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a yield of 1.94%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -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.

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)

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