Daiwa SB Investments Ltd. Purchases 829 Shares of SPDR S&P 500 ETF Trust (SPY)
Daiwa SB Investments Ltd. grew its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 31.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,475 shares of the company’s stock after purchasing an additional 829 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in SPDR S&P 500 ETF Trust were worth $927,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $148,000. WESPAC Advisors SoCal LLC grew its position in SPDR S&P 500 ETF Trust by 68.8% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after acquiring an additional 275 shares during the last quarter. Almanack Investment Partners LLC. grew its position in SPDR S&P 500 ETF Trust by 2.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after acquiring an additional 18 shares during the last quarter. Garrison Financial Corp bought a new position in SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $202,000. Finally, New England Investment & Retirement Group Inc. bought a new position in SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $206,000.
Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $277.92 on Friday. SPDR S&P 500 ETF Trust has a fifty-two week low of $224.96 and a fifty-two week high of $278.10. The firm has a market capitalization of $280,440.00 and a P/E ratio of -190.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be issued a $1.3513 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 1.94%. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.
Separately, S&P Equity Research assumed coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 price target on the stock.
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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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