Global Financial Private Capital LLC cut its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 291,294 shares of the company’s stock after selling 110,455 shares during the period. SPDR S&P 500 ETF Trust accounts for 3.9% of Global Financial Private Capital LLC’s holdings, making the stock its biggest holding. Global Financial Private Capital LLC’s holdings in SPDR S&P 500 ETF Trust were worth $72,860,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peak Capital Management LLC acquired a new stake in SPDR S&P 500 ETF Trust in the third quarter valued at approximately $28,000. Signet Investment Advisory Group Inc. acquired a new stake in SPDR S&P 500 ETF Trust in the fourth quarter valued at approximately $47,000. First PREMIER Bank boosted its stake in SPDR S&P 500 ETF Trust by 134.8% in the fourth quarter. First PREMIER Bank now owns 270 shares of the company’s stock valued at $67,000 after acquiring an additional 155 shares in the last quarter. Avondale Wealth Management acquired a new stake in SPDR S&P 500 ETF Trust in the fourth quarter valued at approximately $75,000. Finally, JJJ Advisors Inc. boosted its stake in SPDR S&P 500 ETF Trust by 17.3% in the fourth quarter. JJJ Advisors Inc. now owns 318 shares of the company’s stock valued at $79,000 after acquiring an additional 47 shares in the last quarter.
Shares of SPY opened at $281.31 on Friday. SPDR S&P 500 ETF Trust has a twelve month low of $233.76 and a twelve month high of $293.94.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th will be paid a dividend of $1.2331 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $4.93 annualized dividend and a dividend yield of 1.75%.
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About SPDR S&P 500 ETF Trust
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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