Confluence Investment Management LLC decreased its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 14,868 shares of the company’s stock after selling 766 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $3,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter valued at $148,000. Akanthos Capital Management LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter valued at $158,000. WESPAC Advisors SoCal LLC boosted its holdings in shares of 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 valued at $163,000 after acquiring an additional 275 shares in the last quarter. Almanack Investment Partners LLC. boosted its holdings in shares of 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 valued at $170,000 after acquiring an additional 18 shares in the last quarter. Finally, Logan Capital Management Inc. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter valued at $201,000.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $274.54 on Wednesday. SPDR S&P 500 ETF Trust has a twelve month low of $224.96 and a twelve month high of $275.25. The firm has a market capitalization of $276,780.00 and a price-to-earnings ratio of -188.04.

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

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

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SPDR S&P 500 ETF Trust Company 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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