Traders purchased shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on weakness during trading hours on Wednesday. $3,259.65 million flowed into the stock on the tick-up and $3,091.14 million flowed out of the stock on the tick-down, for a money net flow of $168.51 million into the stock. Of all companies tracked, SPDR S&P 500 ETF Trust had the 2nd highest net in-flow for the day. SPDR S&P 500 ETF Trust traded down ($0.52) for the day and closed at $270.43

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

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The stock has a market capitalization of $269,290.00 and a P/E ratio of -180.60.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, March 19th will be paid a $1.0968 dividend. This represents a $4.39 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, March 16th. SPDR S&P 500 ETF Trust’s dividend payout ratio is presently -333.56%.

Several large investors have recently modified their holdings of SPY. Ameriprise Financial Inc. boosted its stake in SPDR S&P 500 ETF Trust by 29.3% during the third quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock worth $2,209,311,000 after buying an additional 1,988,866 shares during the last quarter. ING Groep NV boosted its stake in SPDR S&P 500 ETF Trust by 719.4% during the fourth quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock worth $1,605,793,000 after buying an additional 5,283,013 shares during the last quarter. Truepoint Inc. boosted its stake in SPDR S&P 500 ETF Trust by 25,023.2% during the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock worth $5,454,000 after buying an additional 5,432,046 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR S&P 500 ETF Trust by 64.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock worth $1,077,361,000 after buying an additional 1,676,732 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in SPDR S&P 500 ETF Trust by 3.5% during the fourth quarter. First Republic Investment Management Inc. now owns 3,802,318 shares of the company’s stock worth $1,014,686,000 after buying an additional 127,325 shares during the last quarter.

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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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