SPDR S&P 500 ETF Trust (SPY) Shares Bought by Daiwa SB Investments Ltd.

Daiwa SB Investments Ltd. boosted its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 31.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,475 shares of the company’s stock after acquiring an additional 829 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in SPDR S&P 500 ETF Trust were worth $927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shell Asset Management Co. bought a new position in shares of SPDR S&P 500 ETF Trust during the 3rd quarter valued at about $1,228,215,000. Truepoint Inc. increased its position in shares of SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after purchasing an additional 5,432,046 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of SPDR S&P 500 ETF Trust by 223.2% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,614,380 shares of the company’s stock valued at $757,122,000 after purchasing an additional 2,496,043 shares during the last quarter. Stifel Financial Corp increased its position in shares of SPDR S&P 500 ETF Trust by 39,815.8% during the 3rd quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock valued at $591,527,000 after purchasing an additional 2,347,938 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in shares of SPDR S&P 500 ETF Trust by 1,280.4% during the 2nd quarter. Bank of Nova Scotia now owns 2,052,507 shares of the company’s stock valued at $497,031,000 after purchasing an additional 2,226,394 shares during the last quarter.

SPDR S&P 500 ETF Trust (SPY) opened at $277.92 on Friday. The company has a market capitalization of $280,440.00 and a PE ratio of -190.36. SPDR S&P 500 ETF Trust has a 1 year low of $224.96 and a 1 year high of $278.10.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be given a dividend of $1.3513 per share. The ex-dividend date is Friday, December 15th. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a dividend yield of 1.94%. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They set a $3,000.00 price objective on the stock.

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

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