Stuart Chaussee & Associates Inc. Raises Position in SPDR S&P 500 ETF Trust (SPY)

Stuart Chaussee & Associates Inc. boosted its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4,058.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,079 shares of the company’s stock after buying an additional 2,029 shares during the quarter. SPDR S&P 500 ETF Trust comprises approximately 0.3% of Stuart Chaussee & Associates Inc.’s portfolio, making the stock its 18th biggest holding. Stuart Chaussee & Associates Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Berkshire Asset Management LLC PA lifted its stake in SPDR S&P 500 ETF Trust by 12.6% in the 4th quarter. Berkshire Asset Management LLC PA now owns 20,225 shares of the company’s stock worth $5,397,000 after purchasing an additional 2,264 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in SPDR S&P 500 ETF Trust by 293.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 30,513 shares of the company’s stock worth $7,666,000 after purchasing an additional 22,753 shares in the last quarter. Bank of Nova Scotia Trust Co. lifted its stake in SPDR S&P 500 ETF Trust by 39.6% in the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 6,360 shares of the company’s stock worth $1,598,000 after purchasing an additional 1,805 shares in the last quarter. Friedenthal Financial purchased a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $1,273,000. Finally, Investment Counsel Inc. lifted its stake in SPDR S&P 500 ETF Trust by 28.2% in the 4th quarter. Investment Counsel Inc. now owns 7,214 shares of the company’s stock worth $1,925,000 after purchasing an additional 1,585 shares in the last quarter.

Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price target for the company.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $269.59 on Thursday. The stock has a market cap of $276,060.00 and a P/E ratio of -184.65. SPDR S&P 500 ETF Trust has a 1-year low of $231.61 and a 1-year high of $286.63.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were issued a dividend of $1.3513 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is currently -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.

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

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