Covenant Multifamily Offices LLC Raises Stake in SPDR S&P 500 ETF Trust (SPY)

Covenant Multifamily Offices LLC lifted its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,807 shares of the company’s stock after purchasing an additional 905 shares during the period. SPDR S&P 500 ETF Trust accounts for 17.7% of Covenant Multifamily Offices LLC’s holdings, making the stock its 2nd biggest holding. Covenant Multifamily Offices LLC’s holdings in SPDR S&P 500 ETF Trust were worth $50,529,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. First Merchants Corp lifted its holdings in SPDR S&P 500 ETF Trust by 2.1% in the second quarter. First Merchants Corp now owns 8,776 shares of the company’s stock valued at $2,381,000 after buying an additional 177 shares during the period. Burke & Herbert Bank & Trust Co. lifted its holdings in SPDR S&P 500 ETF Trust by 1.0% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 18,896 shares of the company’s stock valued at $5,126,000 after buying an additional 183 shares during the period. Nvwm LLC lifted its holdings in SPDR S&P 500 ETF Trust by 1.0% in the first quarter. Nvwm LLC now owns 18,422 shares of the company’s stock valued at $4,744,000 after buying an additional 188 shares during the period. LifePlan Financial Group Inc lifted its holdings in SPDR S&P 500 ETF Trust by 48.6% in the second quarter. LifePlan Financial Group Inc now owns 575 shares of the company’s stock valued at $156,000 after buying an additional 188 shares during the period. Finally, Hallmark Capital Management Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 22.9% in the second quarter. Hallmark Capital Management Inc. now owns 1,014 shares of the company’s stock valued at $275,000 after buying an additional 189 shares during the period.

SPY opened at $287.82 on Tuesday. SPDR S&P 500 ETF Trust has a 1-year low of $252.92 and a 1-year high of $293.94.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, September 24th will be paid a $1.3226 dividend. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. This represents a $5.29 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, September 21st.

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.

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

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