Steward Partners Investment Advisory LLC bought a new position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 161,243 shares of the company’s stock, valued at approximately $40,509,000. SPDR S&P 500 ETF Trust comprises approximately 4.1% of Steward Partners Investment Advisory LLC’s portfolio, making the stock its biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beach Investment Management LLC. bought a new stake in SPDR S&P 500 ETF Trust in the second quarter valued at about $3,460,000. Merriman Wealth Management LLC increased its holdings in SPDR S&P 500 ETF Trust by 0.3% in the second quarter. Merriman Wealth Management LLC now owns 45,442 shares of the company’s stock valued at $10,964,000 after buying an additional 124 shares during the last quarter. Burt Wealth Advisors increased its holdings in SPDR S&P 500 ETF Trust by 2.0% in the second quarter. Burt Wealth Advisors now owns 82,913 shares of the company’s stock valued at $20,048,000 after buying an additional 1,660 shares during the last quarter. Karp Capital Management Corp boosted its stake in SPDR S&P 500 ETF Trust by 9.0% in the second quarter. Karp Capital Management Corp now owns 959 shares of the company’s stock valued at $232,000 after acquiring an additional 79 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its stake in SPDR S&P 500 ETF Trust by 11.8% in the second quarter. Cutter & CO Brokerage Inc. now owns 4,754 shares of the company’s stock valued at $1,150,000 after acquiring an additional 503 shares during the period.

SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $273.42 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $224.96 and a 52 week high of $273.56. The company has a market capitalization of $285,210.00 and a P/E ratio of -187.27.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be paid a $1.3513 dividend. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 dividend on an annualized basis and a yield of 1.98%. 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 initiated coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 target price for the company.

ILLEGAL ACTIVITY NOTICE: “Steward Partners Investment Advisory LLC Buys New Stake in SPDR S&P 500 ETF Trust (SPY)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/steward-partners-investment-advisory-llc-buys-new-stake-in-spdr-sp-500-etf-trust-spy/1797845.html.

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.

Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.