MM Capital LLC Invests $118.07 Million in SPDR S&P 500 ETF Trust (SPY)

MM Capital LLC bought a new position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 443,142 shares of the company’s stock, valued at approximately $118,071,000. SPDR S&P 500 ETF Trust makes up approximately 93.5% of MM Capital LLC’s investment portfolio, making the stock its largest position.

Several other hedge funds also recently added to or reduced their stakes in the company. Corundum Group Inc. boosted its holdings in SPDR S&P 500 ETF Trust by 31.1% in the 3rd quarter. Corundum Group Inc. now owns 11,204 shares of the company’s stock valued at $2,815,000 after purchasing an additional 2,661 shares during the last quarter. Berkshire Money Management Inc. boosted its holdings in SPDR S&P 500 ETF Trust by 1.5% in the 3rd quarter. Berkshire Money Management Inc. now owns 328,237 shares of the company’s stock valued at $84,406,000 after purchasing an additional 4,898 shares during the last quarter. GW Henssler & Associates Ltd. boosted its holdings in SPDR S&P 500 ETF Trust by 6.1% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 5,234 shares of the company’s stock valued at $1,315,000 after purchasing an additional 301 shares during the last quarter. Ironwood Financial llc boosted its holdings in SPDR S&P 500 ETF Trust by 2.3% in the 3rd quarter. Ironwood Financial llc now owns 10,198 shares of the company’s stock valued at $2,562,000 after purchasing an additional 227 shares during the last quarter. Finally, Courier Capital LLC boosted its holdings in SPDR S&P 500 ETF Trust by 2.6% in the 3rd quarter. Courier Capital LLC now owns 31,891 shares of the company’s stock valued at $8,012,000 after purchasing an additional 795 shares during the last quarter.

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Shares of SPY stock opened at $263.15 on Friday. SPDR S&P 500 ETF Trust has a one year low of $232.51 and a one year high of $286.63.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, March 19th will be issued a $1.0968 dividend. The ex-dividend date is Friday, March 16th. This represents a $4.39 annualized dividend and a dividend yield of 1.67%.

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 on the stock.

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About SPDR S&P 500 ETF Trust

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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