Montag & Caldwell LLC Invests $393,000 in SPDR S&P 500 ETF Trust (SPY) Stock
Montag & Caldwell LLC purchased a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,565 shares of the company’s stock, valued at approximately $393,000.
Several other institutional investors and hedge funds have also modified their holdings of SPY. CKW Financial Group grew its position in SPDR S&P 500 ETF Trust by 0.3% during the 2nd quarter. CKW Financial Group now owns 606 shares of the company’s stock worth $147,000 after acquiring an additional 2 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter worth $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. Finally, Logan Capital Management Inc. bought a new stake in SPDR S&P 500 ETF Trust during the 2nd quarter worth $201,000.
Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $0.60 during mid-day trading on Friday, reaching $260.36. The company had a trading volume of 6,640,000 shares. SPDR S&P 500 ETF Trust has a twelve month low of $219.15 and a twelve month high of $260.48.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, September 18th were issued a dividend of $1.2346 per share. The ex-dividend date of this dividend was Friday, September 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18. This represents a $4.94 annualized dividend and a yield of 1.90%. SPDR S&P 500 ETF Trust’s payout ratio is presently -327.40%.
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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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