Franklin Street Advisors Inc. NC raised its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,583 shares of the company’s stock after purchasing an additional 340 shares during the period. Franklin Street Advisors Inc. NC’s holdings in SPDR S&P 500 ETF Trust were worth $4,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Beach Investment Management LLC. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth about $3,460,000. Bank of Tokyo Mitsubishi UFJ Ltd. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth about $74,958,000. Airain ltd acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth about $1,774,000. BDO Wealth Advisors LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth about $2,287,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of SPDR S&P 500 ETF Trust by 81.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 123,100 shares of the company’s stock worth $29,766,000 after acquiring an additional 55,160 shares in the last quarter.

Separately, S&P Equity Research began coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 target price on the stock.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded down $0.64 during mid-day trading on Wednesday, hitting $273.91. The company’s stock had a trading volume of 57,244,098 shares, compared to its average volume of 75,908,266. SPDR S&P 500 ETF Trust has a one year low of $224.96 and a one year high of $275.25. The stock has a market cap of $275,970.00 and a P/E ratio of -187.61.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be paid a $1.3513 dividend. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, December 15th. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is -328.77%.

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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.

Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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