Stephens Inc. AR decreased its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 20.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 117,850 shares of the company’s stock after selling 30,763 shares during the quarter. SPDR S&P 500 ETF Trust accounts for about 1.2% of Stephens Inc. AR’s holdings, making the stock its 11th biggest holding. Stephens Inc. AR’s holdings in SPDR S&P 500 ETF Trust were worth $31,449,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Portfolio Solutions LLC grew its holdings in SPDR S&P 500 ETF Trust by 137.9% in the fourth quarter. Portfolio Solutions LLC now owns 521 shares of the company’s stock worth $139,000 after purchasing an additional 302 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in SPDR S&P 500 ETF Trust in the third quarter worth $148,000. Orrstown Financial Services Inc. grew its holdings in SPDR S&P 500 ETF Trust by 73.1% in the fourth quarter. Orrstown Financial Services Inc. now owns 592 shares of the company’s stock worth $158,000 after purchasing an additional 250 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter worth $166,000. Finally, FC Advisory LLC purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter worth $200,000.
Separately, S&P Equity Research assumed coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price objective on the stock.
Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $273.11 on Tuesday. The firm has a market cap of $274,450.00 and a price-to-earnings ratio of -187.06. SPDR S&P 500 ETF Trust has a 1-year low of $231.61 and a 1-year high of $286.63.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were issued a dividend of $1.3513 per share. The ex-dividend date of this dividend was Friday, December 15th. This is a positive change 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 dividend yield of 1.98%. SPDR S&P 500 ETF Trust’s payout ratio is -328.77%.
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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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