SPY Stock: Venturi Wealth Management LLC Has $5.50 Million Stake in SPDR S&P 500 ETF Trust

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Venturi Wealth Management LLC boosted its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 177.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,796 shares of the company’s stock after purchasing an additional 13,936 shares during the period. SPDR S&P 500 ETF Trust makes up 1.2% of Venturi Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Venturi Wealth Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $5,500,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Beach Investment Management LLC. acquired a new position in SPDR S&P 500 ETF Trust during the 2nd quarter worth approximately $3,460,000. State of Wisconsin Investment Board grew its holdings in SPDR S&P 500 ETF Trust by 196.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,760 shares of the company’s stock worth $1,876,000 after acquiring an additional 5,145 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in SPDR S&P 500 ETF Trust by 24.2% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 14,409 shares of the company’s stock worth $3,484,000 after acquiring an additional 2,805 shares in the last quarter. KBC Group NV boosted its holdings in shares of SPDR S&P 500 ETF Trust by 85.5% in the 2nd quarter. KBC Group NV now owns 13,236 shares of the company’s stock valued at $3,201,000 after buying an additional 6,100 shares in the last quarter. Finally, Palisades Hudson Asset Management L.P. boosted its holdings in shares of SPDR S&P 500 ETF Trust by 0.5% in the 2nd quarter. Palisades Hudson Asset Management L.P. now owns 134,347 shares of the company’s stock valued at $32,485,000 after buying an additional 678 shares in the last quarter.

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

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $271.61 on Friday. The company has a market cap of $283,320.00 and a price-to-earnings ratio of -186.03. SPDR S&P 500 ETF Trust has a 12-month low of $224.96 and a 12-month high of $272.16.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be paid 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 dividend on an annualized basis and a dividend yield of 1.99%. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

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.

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

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