Sage Capital Advisors llc increased its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 4,030 shares of the company’s stock after purchasing an additional 237 shares during the quarter. Sage Capital Advisors llc’s holdings in SPDR S&P 500 ETF Trust were worth $1,297,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Hoey Investments Inc. bought a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter valued at about $50,000. Atwater Malick LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth approximately $70,000. Accurate Investment Solutions Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust during the fourth quarter worth approximately $82,000. Contravisory Investment Management Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 79.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 258 shares of the company’s stock worth $83,000 after buying an additional 114 shares during the last quarter. Finally, Financial Advantage Inc. bought a new stake in shares of SPDR S&P 500 ETF Trust during the third quarter worth approximately $81,000.
NYSEARCA SPY traded up $1.75 during trading hours on Thursday, hitting $329.94. The company’s stock had a trading volume of 2,015,879 shares, compared to its average volume of 58,612,438. SPDR S&P 500 ETF Trust has a twelve month low of $259.96 and a twelve month high of $329.02. The stock has a fifty day moving average of $319.74 and a 200 day moving average of $303.52.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $1.57 per share. This represents a $6.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23.
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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