Sentinel Trust Co. LBA lowered its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,209 shares of the company’s stock after selling 472 shares during the period. SPDR S&P 500 ETF Trust comprises about 1.8% of Sentinel Trust Co. LBA’s holdings, making the stock its 7th largest position. Sentinel Trust Co. LBA’s holdings in SPDR S&P 500 ETF Trust were worth $8,863,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Haverford Trust Co. increased its position in shares of SPDR S&P 500 ETF Trust by 28.0% during the fourth quarter. Haverford Trust Co. now owns 106,011 shares of the company’s stock valued at $28,290,000 after buying an additional 23,199 shares during the period. Berkshire Asset Management LLC PA grew its holdings in SPDR S&P 500 ETF Trust by 12.6% in the fourth quarter. Berkshire Asset Management LLC PA now owns 20,225 shares of the company’s stock worth $5,397,000 after purchasing an additional 2,264 shares during the period. Bank of Nova Scotia Trust Co. grew its holdings in SPDR S&P 500 ETF Trust by 39.6% in the third quarter. Bank of Nova Scotia Trust Co. now owns 6,360 shares of the company’s stock worth $1,598,000 after purchasing an additional 1,805 shares during the period. Segment Wealth Management LLC grew its holdings in SPDR S&P 500 ETF Trust by 16.4% in the fourth quarter. Segment Wealth Management LLC now owns 47,369 shares of the company’s stock worth $12,641,000 after purchasing an additional 6,662 shares during the period. Finally, Vantage Investment Advisors LLC grew its holdings in SPDR S&P 500 ETF Trust by 4.5% in the fourth quarter. Vantage Investment Advisors LLC now owns 17,212 shares of the company’s stock worth $4,593,000 after purchasing an additional 746 shares during the period.
Separately, S&P Equity Research assumed coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 price objective on the stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, March 19th will be issued a $1.0968 dividend. This represents a $4.39 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, March 16th.
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SPDR S&P 500 ETF Trust Company 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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