Evanson Asset Management LLC trimmed its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,191 shares of the company’s stock after selling 3,405 shares during the quarter. SPDR S&P 500 ETF Trust comprises about 1.4% of Evanson Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Evanson Asset Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $7,033,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Peavine Capital LLC increased its stake in SPDR S&P 500 ETF Trust by 1.7% during the second quarter. Peavine Capital LLC now owns 285,398 shares of the company’s stock worth $77,423,000 after acquiring an additional 4,669 shares during the last quarter. Univest Corp of Pennsylvania bought a new stake in SPDR S&P 500 ETF Trust during the third quarter worth approximately $524,000. Charles Schwab Investment Advisory Inc. increased its stake in SPDR S&P 500 ETF Trust by 81,315.3% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 1,396,273 shares of the company’s stock worth $378,782,000 after acquiring an additional 1,394,558 shares during the last quarter. Biltmore Family Office LLC boosted its position in shares of SPDR S&P 500 ETF Trust by 10.9% during the second quarter. Biltmore Family Office LLC now owns 4,479 shares of the company’s stock valued at $1,221,000 after buying an additional 442 shares during the period. Finally, Merriman Wealth Management LLC purchased a new position in shares of SPDR S&P 500 ETF Trust during the second quarter valued at approximately $4,139,000.
Shares of NYSEARCA:SPY opened at $275.95 on Friday. SPDR S&P 500 ETF Trust has a 1 year low of $252.92 and a 1 year high of $293.94.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th will be given a dividend of $1.3226 per share. This represents a $5.29 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, September 21st. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.
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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