Klingenstein Fields & Co. LLC Lowers Stake in SPDR S&P 500 ETF Trust (SPY)
Klingenstein Fields & Co. LLC cut its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 16.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,078 shares of the company’s stock after selling 10,719 shares during the period. Klingenstein Fields & Co. LLC’s holdings in SPDR S&P 500 ETF Trust were worth $13,586,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CKW Financial Group boosted its stake in SPDR S&P 500 ETF Trust by 0.3% in the 2nd quarter. CKW Financial Group now owns 606 shares of the company’s stock valued at $147,000 after buying an additional 2 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter valued at $148,000. WESPAC Advisors SoCal LLC boosted its stake in SPDR S&P 500 ETF Trust by 68.8% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock valued at $163,000 after buying an additional 275 shares in the last quarter. Almanack Investment Partners LLC. boosted its stake in SPDR S&P 500 ETF Trust by 2.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock valued at $170,000 after buying an additional 18 shares in the last quarter. Finally, Logan Capital Management Inc. acquired a new stake in SPDR S&P 500 ETF Trust in the 2nd quarter valued at $201,000.
Shares of SPDR S&P 500 ETF Trust (SPY) traded up $0.60 during mid-day trading on Monday, reaching $260.36. The company had a trading volume of 27,856,500 shares, compared to its average volume of 68,819,930. SPDR S&P 500 ETF Trust has a twelve month low of $219.15 and a twelve month high of $260.48.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, September 18th were paid a $1.2346 dividend. The ex-dividend date was Friday, September 15th. This represents a $4.94 dividend on an annualized basis and a yield of 1.90%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. SPDR S&P 500 ETF Trust’s payout ratio is currently -327.40%.
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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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