Business

Haverford Trust Co. Purchases 23199 Shares of SPDR S&P 500 ETF Trust (SPY)

Haverford Trust Co. raised its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 28.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,011 shares of the company’s stock after acquiring an additional 23,199 shares during the period. Haverford Trust Co.’s holdings in SPDR S&P 500 ETF Trust were worth $28,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in SPDR S&P 500 ETF Trust by 29.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after buying an additional 1,988,866 shares during the period. ING Groep NV raised its holdings in SPDR S&P 500 ETF Trust by 719.4% during the 4th quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock valued at $1,605,793,000 after buying an additional 5,283,013 shares during the period. Truepoint Inc. raised its holdings in SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after buying an additional 5,432,046 shares during the period. Envestnet Asset Management Inc. raised its holdings in SPDR S&P 500 ETF Trust by 64.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock valued at $1,077,361,000 after buying an additional 1,676,732 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in SPDR S&P 500 ETF Trust by 3.5% during the 4th quarter. First Republic Investment Management Inc. now owns 3,802,318 shares of the company’s stock valued at $1,014,686,000 after buying an additional 127,325 shares during the period.

Shares of SPDR S&P 500 ETF Trust stock opened at $258.05 on Friday. SPDR S&P 500 ETF Trust has a 52 week low of $231.61 and a 52 week high of $286.63. The firm has a market capitalization of $269,290.00 and a price-to-earnings ratio of -176.75.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, March 19th will be paid a $1.0968 dividend. The ex-dividend date is Friday, March 16th. This represents a $4.39 dividend on an annualized basis and a yield of 1.70%. SPDR S&P 500 ETF Trust’s payout ratio is -333.56%.

Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research note 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.

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

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