Empirical Finance LLC acquired a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 8,558 shares of the company’s stock, valued at approximately $2,488,000. SPDR S&P 500 ETF Trust comprises 0.6% of Empirical Finance LLC’s portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Peavine Capital LLC raised its stake in shares of 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 purchasing an additional 4,669 shares during the last quarter. Univest Corp of Pennsylvania purchased a new stake in shares of SPDR S&P 500 ETF Trust during the third quarter worth approximately $524,000. Charles Schwab Investment Advisory Inc. raised its stake in shares of 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 purchasing an additional 1,394,558 shares during the last quarter. Biltmore Family Office LLC raised its stake 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 worth $1,221,000 after purchasing an additional 442 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 16.5% during the second quarter. Envestnet Asset Management Inc. now owns 4,211,949 shares of the company’s stock worth $1,142,616,000 after purchasing an additional 597,543 shares during the last quarter.

SPDR S&P 500 ETF Trust stock opened at $275.01 on Tuesday. SPDR S&P 500 ETF Trust has a 12 month low of $252.92 and a 12 month high of $293.94.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, September 24th will be paid 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 is Friday, September 21st. This is a boost 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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Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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