Investors Sell Shares of SPDR S&P 500 ETF Trust (SPY) on Strength (SPY)

Traders sold shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on strength during trading hours on Tuesday. $2,785.48 million flowed into the stock on the tick-up and $3,090.82 million flowed out of the stock on the tick-down, for a money net flow of $305.34 million out of the stock. Of all companies tracked, SPDR S&P 500 ETF Trust had the 0th highest net out-flow for the day. SPDR S&P 500 ETF Trust traded up $0.66 for the day and closed at $266.00

Separately, S&P Equity Research started coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price objective on the stock.

The firm has a market cap of $276,060.00 and a P/E ratio of -184.65.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were paid a $1.3513 dividend. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. This represents a $5.41 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, December 15th. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is presently -328.77%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Berkshire Asset Management LLC PA increased its holdings in SPDR S&P 500 ETF Trust by 12.6% in the fourth quarter. Berkshire Asset Management LLC PA now owns 20,225 shares of the company’s stock valued at $5,397,000 after buying an additional 2,264 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in SPDR S&P 500 ETF Trust by 293.2% in the third 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 last quarter. Bank of Nova Scotia Trust Co. increased its holdings in SPDR S&P 500 ETF Trust by 39.6% in the third quarter. Bank of Nova Scotia Trust Co. now owns 6,360 shares of the company’s stock valued at $1,598,000 after buying an additional 1,805 shares during the last quarter. Friedenthal Financial purchased a new position in SPDR S&P 500 ETF Trust in the third quarter valued at $1,273,000. Finally, Investment Counsel Inc. increased its holdings in SPDR S&P 500 ETF Trust by 28.2% in the fourth quarter. Investment Counsel Inc. now owns 7,214 shares of the company’s stock valued at $1,925,000 after buying an additional 1,585 shares during the last quarter.

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SPDR S&P 500 ETF Trust Company 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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