Peloton Wealth Strategists lowered its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,365 shares of the company’s stock after selling 408 shares during the period. Peloton Wealth Strategists’ holdings in SPDR S&P 500 ETF Trust were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in SPY. Lake Street Advisors Group LLC bought a new stake in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $67,124,000. MetLife Investment Advisors LLC bought a new stake in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $21,092,000. Gotham Asset Management LLC grew its position in SPDR S&P 500 ETF Trust by 73.5% in the 4th quarter. Gotham Asset Management LLC now owns 95,403 shares of the company’s stock worth $25,459,000 after purchasing an additional 40,403 shares during the period. Newport Wealth Strategies Inc. bought a new stake in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $548,000. Finally, Advisors Management Group Inc. ADV bought a new stake in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $210,000.
Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They issued a $3,000.00 target price for the company.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, March 19th will be given 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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