Donald L. Hagan LLC acquired a new position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,424 shares of the company’s stock, valued at approximately $380,000.
Several other hedge funds also recently modified their holdings of SPY. Beach Investment Management LLC. acquired a new position in SPDR S&P 500 ETF Trust during the second quarter worth $3,460,000. Mirador Capital Partners LP boosted its holdings in SPDR S&P 500 ETF Trust by 34.3% during the second quarter. Mirador Capital Partners LP now owns 1,645 shares of the company’s stock worth $407,000 after purchasing an additional 420 shares during the last quarter. Capital Analysts LLC boosted its holdings in SPDR S&P 500 ETF Trust by 9.3% during the second quarter. Capital Analysts LLC now owns 4,703 shares of the company’s stock worth $1,137,000 after purchasing an additional 401 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in SPDR S&P 500 ETF Trust during the second quarter worth $2,231,000. Finally, Private Ocean LLC boosted its holdings in SPDR S&P 500 ETF Trust by 1.1% during the second quarter. Private Ocean LLC now owns 3,461 shares of the company’s stock worth $837,000 after purchasing an additional 38 shares during the last quarter.
Separately, S&P Equity Research initiated coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 target price for the company.
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $277.92 on Friday. SPDR S&P 500 ETF Trust has a 1-year low of $224.96 and a 1-year high of $278.10. The company has a market cap of $280,440.00 and a price-to-earnings ratio of -190.36.
The firm also recently announced 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 a boost 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 yield of 1.94%. SPDR S&P 500 ETF Trust’s dividend payout ratio is presently -328.77%.
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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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