SPDR S&P 500 ETF Trust (SPY) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. trimmed its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,770 shares of the company’s stock after selling 430 shares during the quarter. SPDR S&P 500 ETF Trust makes up approximately 1.1% of Leavell Investment Management Inc.’s portfolio, making the stock its 20th largest holding. Leavell Investment Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $9,012,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at about $148,000. Akanthos Capital Management LLC acquired a new position in SPDR S&P 500 ETF Trust in the 3rd quarter valued at about $158,000. WESPAC Advisors SoCal LLC grew its stake in SPDR S&P 500 ETF Trust by 68.8% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock valued at $163,000 after buying an additional 275 shares during the last quarter. Almanack Investment Partners LLC. grew its stake in SPDR S&P 500 ETF Trust by 2.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock valued at $170,000 after buying an additional 18 shares during the last quarter. Finally, Logan Capital Management Inc. acquired a new position in SPDR S&P 500 ETF Trust in the 2nd quarter valued at about $201,000.

Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price target on the stock.

Shares of SPDR S&P 500 ETF Trust (SPY) traded up $1.60 on Thursday, reaching $275.72. 69,574,300 shares of the company were exchanged, compared to its average volume of 74,996,016. SPDR S&P 500 ETF Trust has a twelve month low of $224.96 and a twelve month high of $275.25. The firm has a market cap of $278,370.00 and a price-to-earnings ratio of -188.85.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be paid a $1.3513 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a yield of 1.96%. 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’s dividend payout ratio is -328.77%.

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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.

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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