Farmers & Merchants Investments Inc. cut its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 11.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,708 shares of the company’s stock after selling 863 shares during the period. Farmers & Merchants Investments Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,950,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hartford Financial Management Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust in the 2nd quarter worth $139,000. LifePlan Financial Group Inc increased its stake in shares of SPDR S&P 500 ETF Trust by 48.6% in the 2nd quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock worth $156,000 after purchasing an additional 188 shares in the last quarter. WP Advisors LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust in the 2nd quarter worth $165,000. NuWave Investment Management LLC increased its stake in shares of SPDR S&P 500 ETF Trust by 283.0% in the 3rd quarter. NuWave Investment Management LLC now owns 609 shares of the company’s stock worth $177,000 after purchasing an additional 450 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV increased its stake in shares of SPDR S&P 500 ETF Trust by 15,227.1% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 43,529 shares of the company’s stock worth $194,000 after purchasing an additional 43,245 shares in the last quarter.
Shares of SPDR S&P 500 ETF Trust stock opened at $277.76 on Friday. SPDR S&P 500 ETF Trust has a fifty-two week low of $252.92 and a fifty-two week high of $293.94.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Monday, September 24th were issued a $1.3226 dividend. The ex-dividend date was Friday, September 21st. This represents a $5.29 annualized dividend and a yield of 1.90%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.
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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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