Hexavest Inc. Has $12.44 Million Position in SPDR S&P 500 ETF Trust (SPY)

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Hexavest Inc. increased its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 98.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 42,802 shares of the company’s stock after buying an additional 21,196 shares during the period. Hexavest Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $12,443,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SPY. Wsfs Capital Management LLC increased its position in shares of SPDR S&P 500 ETF Trust by 9.3% in the 1st quarter. Wsfs Capital Management LLC now owns 16,675 shares of the company’s stock worth $4,388,000 after purchasing an additional 1,421 shares during the last quarter. Eldridge Investment Advisors Inc. increased its position in shares of SPDR S&P 500 ETF Trust by 4.2% in the 1st quarter. Eldridge Investment Advisors Inc. now owns 7,548 shares of the company’s stock worth $1,986,000 after purchasing an additional 306 shares during the last quarter. Heritage Investors Management Corp increased its position in shares of SPDR S&P 500 ETF Trust by 3.4% in the 1st quarter. Heritage Investors Management Corp now owns 7,918 shares of the company’s stock worth $2,084,000 after purchasing an additional 263 shares during the last quarter. Relative Value Partners Group LLC increased its position in shares of SPDR S&P 500 ETF Trust by 65.9% in the 1st quarter. Relative Value Partners Group LLC now owns 2,001 shares of the company’s stock worth $527,000 after purchasing an additional 795 shares during the last quarter. Finally, Tiedemann Advisors LLC increased its position in shares of SPDR S&P 500 ETF Trust by 34.4% in the 1st quarter. Tiedemann Advisors LLC now owns 193,106 shares of the company’s stock worth $50,973,000 after purchasing an additional 49,471 shares during the last quarter.

SPY opened at $275.95 on Friday. 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 announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, September 24th will be given a $1.3226 dividend. The ex-dividend date is Friday, September 21st. This represents a $5.29 annualized dividend and a dividend yield of 1.92%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.

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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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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