Cullinan Associates Inc. Lowers Holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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Cullinan Associates Inc. trimmed its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,437 shares of the company’s stock after selling 65 shares during the period. SPDR S&P 500 ETF Trust comprises about 0.8% of Cullinan Associates Inc.’s investment portfolio, making the stock its 28th biggest position. Cullinan Associates Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $12,050,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SPY. Hoey Investments Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter worth about $50,000. Atwater Malick LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter worth about $70,000. Accurate Investment Solutions Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust in the fourth quarter worth about $82,000. Contravisory Investment Management Inc. lifted its position in shares of SPDR S&P 500 ETF Trust by 79.2% in 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 in the last quarter. Finally, Financial Advantage Inc. purchased a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter worth about $81,000.

NYSEARCA:SPY opened at $328.19 on Thursday. SPDR S&P 500 ETF Trust has a 12 month low of $259.96 and a 12 month high of $329.02. The business’s 50-day moving average is $319.74 and its 200 day moving average is $303.52.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 23rd will be given a $1.57 dividend. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $6.28 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, December 20th.

About SPDR S&P 500 ETF Trust

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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Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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