Chesley Taft & Associates LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,009 shares of the company’s stock after purchasing an additional 504 shares during the quarter. SPDR S&P 500 ETF Trust comprises approximately 1.3% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 21st biggest position. Chesley Taft & Associates LLC’s holdings in SPDR S&P 500 ETF Trust were worth $15,213,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter valued at about $148,000. Akanthos Capital Management LLC acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $158,000. WESPAC Advisors SoCal LLC raised its position in shares of SPDR S&P 500 ETF Trust by 68.8% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after acquiring an additional 275 shares in the last quarter. Almanack Investment Partners LLC. raised its position in shares of SPDR S&P 500 ETF Trust by 2.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after acquiring an additional 18 shares in the last quarter. Finally, Logan Capital Management Inc. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the 2nd quarter worth about $201,000.
Separately, S&P Equity Research started coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price target on the stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be issued a dividend of $1.3513 per share. The ex-dividend date of this dividend is Friday, December 15th. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a yield of 1.94%. SPDR S&P 500 ETF Trust’s payout ratio is currently -328.77%.
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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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