FTB Advisors Inc. grew its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,202 shares of the company’s stock after buying an additional 5,319 shares during the period. SPDR S&P 500 ETF Trust accounts for about 2.8% of FTB Advisors Inc.’s investment portfolio, making the stock its 4th largest position. FTB Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $27,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. AGF Investments Inc. increased its position in SPDR S&P 500 ETF Trust by 16.2% in the third quarter. AGF Investments Inc. now owns 9,710 shares of the company’s stock worth $2,439,000 after purchasing an additional 1,352 shares during the last quarter. Washington Capital Management Inc. increased its position in SPDR S&P 500 ETF Trust by 13.9% in the third quarter. Washington Capital Management Inc. now owns 10,669 shares of the company’s stock worth $2,680,000 after purchasing an additional 1,300 shares during the last quarter. Litman Gregory Asset Management LLC increased its position in SPDR S&P 500 ETF Trust by 6.2% in the third quarter. Litman Gregory Asset Management LLC now owns 3,886 shares of the company’s stock worth $976,000 after purchasing an additional 227 shares during the last quarter. ETRADE Capital Management LLC increased its position in SPDR S&P 500 ETF Trust by 0.6% in the third quarter. ETRADE Capital Management LLC now owns 1,017,595 shares of the company’s stock worth $255,651,000 after purchasing an additional 6,073 shares during the last quarter. Finally, South State Corp increased its position in SPDR S&P 500 ETF Trust by 4.8% in the third quarter. South State Corp now owns 35,492 shares of the company’s stock worth $8,916,000 after purchasing an additional 1,631 shares during the last quarter.

SPDR S&P 500 ETF Trust (SPY) opened at $268.20 on Tuesday. SPDR S&P 500 ETF Trust has a one year low of $222.73 and a one year high of $268.60.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be paid a dividend of $1.3513 per share. This represents a $5.41 annualized dividend and a yield of 2.02%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date is Friday, December 15th. SPDR S&P 500 ETF Trust’s payout ratio is presently -328.77%.

Separately, S&P Equity Research started coverage on shares of SPDR S&P 500 ETF Trust in a research note 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.

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

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