Pathstone Family Office LLC cut its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 49.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,352 shares of the company’s stock after selling 1,328 shares during the period. SPDR S&P 500 ETF Trust comprises about 0.2% of Pathstone Family Office LLC’s holdings, making the stock its 25th largest position. Pathstone Family Office LLC’s holdings in SPDR S&P 500 ETF Trust were worth $357,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Truepoint Inc. grew its stake in shares of SPDR S&P 500 ETF Trust by 25,023.2% in the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after buying an additional 5,432,046 shares in the last quarter. ING Groep NV grew its stake in shares of SPDR S&P 500 ETF Trust by 719.4% in the fourth quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock valued at $1,605,793,000 after buying an additional 5,283,013 shares in the last quarter. British Airways Pensions Investment Management Ltd acquired a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter valued at about $645,764,000. Stifel Financial Corp grew its stake in shares of SPDR S&P 500 ETF Trust by 39,815.8% in the third quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock valued at $591,527,000 after buying an additional 2,347,938 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in shares of SPDR S&P 500 ETF Trust by 499.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,482,221 shares of the company’s stock valued at $662,211,000 after buying an additional 2,068,342 shares in the last quarter.
Shares of SPDR S&P 500 ETF Trust (SPY) opened at $270.49 on Tuesday. SPDR S&P 500 ETF Trust has a 12 month low of $231.61 and a 12 month high of $286.63. The stock has a market capitalization of $269,290.00 and a PE ratio of -185.27.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, March 19th will be paid a $1.0968 dividend. The ex-dividend date is Friday, March 16th. This represents a $4.39 dividend on an annualized basis and a dividend yield of 1.62%. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is currently -328.77%.
Separately, S&P Equity Research started 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.
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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.
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