Leucadia National Corp increased its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 764.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,964 shares of the company’s stock after buying an additional 11,464 shares during the period. SPDR S&P 500 ETF Trust comprises approximately 0.3% of Leucadia National Corp’s investment portfolio, making the stock its 25th biggest holding. Leucadia National Corp’s holdings in SPDR S&P 500 ETF Trust were worth $3,460,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPY. Independence Bank of Kentucky purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter worth $100,000. Guidant Wealth Advisors grew its holdings in shares of SPDR S&P 500 ETF Trust by 533.5% during the fourth quarter. Guidant Wealth Advisors now owns 1,267 shares of the company’s stock valued at $114,000 after buying an additional 1,067 shares during the last quarter. Keeler Thomas Management LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at $133,000. Icon Wealth Partners LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter valued at $133,000. Finally, Portfolio Solutions LLC grew its holdings in shares of 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 buying an additional 302 shares during the last quarter.
Separately, S&P Equity Research initiated coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price objective on the stock.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, March 19th will be issued a dividend of $1.0968 per share. This represents a $4.39 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, March 16th. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -333.56%.
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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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