Rockland Trust Co. lifted its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 33.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,742 shares of the company’s stock after acquiring an additional 1,924 shares during the quarter. Rockland Trust Co.’s holdings in SPDR S&P 500 ETF Trust were worth $2,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in SPDR S&P 500 ETF Trust by 29.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after purchasing an additional 1,988,866 shares during the period. Shell Asset Management Co. acquired a new position in SPDR S&P 500 ETF Trust during the 3rd quarter valued at approximately $1,228,215,000. Truepoint Inc. boosted its position in SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after purchasing an additional 5,432,046 shares during the period. Envestnet Asset Management Inc. boosted its position in SPDR S&P 500 ETF Trust by 64.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock valued at $1,077,361,000 after purchasing an additional 1,676,732 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in SPDR S&P 500 ETF Trust by 4.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 3,674,993 shares of the company’s stock valued at $923,269,000 after purchasing an additional 142,388 shares during the period.

SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $276.12 on Friday. SPDR S&P 500 ETF Trust has a 12-month low of $224.96 and a 12-month high of $276.12. The stock has a market capitalization of $278,370.00 and a P/E ratio of -189.12.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be given a dividend of $1.3513 per share. The ex-dividend date is Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a yield of 1.96%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s payout ratio is currently -328.77%.

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

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

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