Cullinan Associates Inc. Has $39.09 Million Position in SPDR S&P 500 ETF Trust (SPY)

Cullinan Associates Inc. increased its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 311.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,390 shares of the company’s stock after buying an additional 118,371 shares during the quarter. SPDR S&P 500 ETF Trust comprises approximately 3.2% of Cullinan Associates Inc.’s investment portfolio, making the stock its 4th largest holding. Cullinan Associates Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $39,085,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Peak Capital Management LLC purchased a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $28,000. Highwater Wealth Management LLC purchased a new stake in SPDR S&P 500 ETF Trust in the 4th quarter worth approximately $110,000. Bell Rock Capital LLC purchased a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $112,000. Patriot Financial Group Insurance Agency LLC boosted its position in SPDR S&P 500 ETF Trust by 402.3% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 437 shares of the company’s stock worth $127,000 after purchasing an additional 350 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $128,000.

Shares of NYSEARCA:SPY traded down $0.75 during midday trading on Friday, reaching $258.13. 37,859,219 shares of the company’s stock traded hands, compared to its average volume of 115,834,320. SPDR S&P 500 ETF Trust has a 1 year low of $233.76 and a 1 year high of $293.94.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 24th will be given a dividend of $1.4354 per share. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Friday, December 21st. This represents a $5.74 dividend on an annualized basis and a dividend yield of 2.22%.

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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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