SPDR S&P 500 ETF Trust (SPY) is Smith Salley & Associates’ 10th Largest Position

Smith Salley & Associates trimmed its position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.5% in the third quarter, HoldingsChannel.com reports. The firm owned 38,952 shares of the company’s stock after selling 578 shares during the period. SPDR S&P 500 ETF Trust comprises approximately 1.8% of Smith Salley & Associates’ portfolio, making the stock its 10th largest holding. Smith Salley & Associates’ holdings in SPDR S&P 500 ETF Trust were worth $11,324,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,022,350 shares of the company’s stock valued at $297,217,000 after buying an additional 28,822 shares during the period. MV Capital Management Inc. raised its stake in shares of SPDR S&P 500 ETF Trust by 21.2% in the third quarter. MV Capital Management Inc. now owns 1,923 shares of the company’s stock valued at $559,000 after buying an additional 336 shares during the period. Merriman Wealth Management LLC raised its stake in shares of SPDR S&P 500 ETF Trust by 83.7% in the third quarter. Merriman Wealth Management LLC now owns 28,021 shares of the company’s stock valued at $8,146,000 after buying an additional 12,765 shares during the period. Capco Asset Management LLC bought a new stake in shares of SPDR S&P 500 ETF Trust in the third quarter valued at $270,000. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. raised its stake in shares of SPDR S&P 500 ETF Trust by 82.0% in the third quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 15,050 shares of the company’s stock valued at $4,375,000 after buying an additional 6,780 shares during the period.

Shares of NYSEARCA SPY opened at $263.25 on Monday. SPDR S&P 500 ETF Trust has a fifty-two week low of $252.92 and a fifty-two week high of $293.94.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, September 24th were given a $1.3226 dividend. The ex-dividend date was Friday, September 21st. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25. This represents a $5.29 annualized dividend and a dividend yield of 2.01%.

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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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Want to see what other hedge funds are holding SPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

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

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