Truepoint Inc. lifted its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 25,023.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,453,754 shares of the company’s stock after acquiring an additional 5,432,046 shares during the period. SPDR S&P 500 ETF Trust accounts for 0.5% of Truepoint Inc.’s holdings, making the stock its 10th largest position. Truepoint Inc. owned about 0.57% of SPDR S&P 500 ETF Trust worth $5,454,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. State of Wisconsin Investment Board raised its holdings in shares of 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 valued at $7,666,000 after buying an additional 22,753 shares during the period. Friedenthal Financial acquired a new position in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $1,273,000. MEMBERS Trust Co boosted its position in shares of SPDR S&P 500 ETF Trust by 0.9% during the 2nd quarter. MEMBERS Trust Co now owns 831,477 shares of the company’s stock worth $201,051,000 after acquiring an additional 7,364 shares in the last quarter. Rothschild Investment Corp IL boosted its position in shares of SPDR S&P 500 ETF Trust by 93.2% during the 3rd quarter. Rothschild Investment Corp IL now owns 7,386 shares of the company’s stock worth $1,856,000 after acquiring an additional 3,564 shares in the last quarter. Finally, Brightworth acquired a new position in shares of SPDR S&P 500 ETF Trust during the 3rd quarter worth about $510,000.
Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They issued a $3,000.00 target price for the company.
SPDR S&P 500 ETF Trust (SPY) traded up $1.80 on Friday, hitting $277.92. The company had a trading volume of 18,380,000 shares. The firm has a market cap 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be issued a dividend of $1.3513 per share. This represents a $5.41 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, December 15th. This is a boost 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%.
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.