Ledyard National Bank Has $4.78 Million Stake in SPDR S&P 500 ETF Trust (SPY)

Ledyard National Bank grew its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 8.2% during the fourth quarter, HoldingsChannel reports. The firm owned 17,913 shares of the company’s stock after acquiring an additional 1,352 shares during the period. Ledyard National Bank’s holdings in SPDR S&P 500 ETF Trust were worth $4,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Berkshire Asset Management LLC PA raised its stake in SPDR S&P 500 ETF Trust by 12.6% during the 4th quarter. Berkshire Asset Management LLC PA now owns 20,225 shares of the company’s stock worth $5,397,000 after acquiring an additional 2,264 shares in the last quarter. State of Wisconsin Investment Board raised its stake in SPDR S&P 500 ETF Trust by 293.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 30,513 shares of the company’s stock worth $7,666,000 after acquiring an additional 22,753 shares in the last quarter. Friedenthal Financial acquired a new stake in SPDR S&P 500 ETF Trust during the 3rd quarter worth $1,273,000. Bank of Nova Scotia Trust Co. raised its stake in SPDR S&P 500 ETF Trust by 39.6% during the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 6,360 shares of the company’s stock worth $1,598,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Rothschild Investment Corp IL raised its stake in SPDR S&P 500 ETF Trust by 93.2% during the 3rd quarter. Rothschild Investment Corp IL now owns 7,386 shares of the company’s stock worth $1,856,000 after acquiring an additional 3,564 shares in the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $263.93 on Tuesday. SPDR S&P 500 ETF Trust has a one year low of $228.31 and a one year high of $286.63. The company has a market cap of $283,380.00 and a price-to-earnings ratio of -180.77.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, December 18th were paid a dividend of $1.3513 per share. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, December 15th. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is currently -328.77%.

Separately, S&P Equity Research assumed 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 target on the stock.

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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.

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)

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