Abacus Planning Group Inc. Has $1.27 Million Stake in SPDR S&P 500 ETF Trust (SPY)

Abacus Planning Group Inc. grew its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 5.9% in the 4th quarter, HoldingsChannel reports. The fund owned 5,076 shares of the company’s stock after purchasing an additional 285 shares during the quarter. SPDR S&P 500 ETF Trust makes up 0.8% of Abacus Planning Group Inc.’s holdings, making the stock its 25th largest holding. Abacus Planning Group Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy Pohlad Asset Management LLC bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $33,000. Riverview Trust Co bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $46,000. Signet Investment Advisory Group Inc. bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $47,000. Nalls Sherbakoff Group LLC bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $55,000. Finally, Avondale Wealth Management bought a new position in SPDR S&P 500 ETF Trust during the fourth quarter worth about $75,000.

SPDR S&P 500 ETF Trust stock opened at $287.70 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $233.76 and a 52 week high of $294.95.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, March 18th were issued a dividend of $1.2331 per share. This represents a $4.93 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, March 15th.

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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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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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