Eqis Capital Management Inc. Sells 106,699 Shares of SPDR S&P 500 ETF Trust (SPY)

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Eqis Capital Management Inc. reduced its stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 72.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,948 shares of the company’s stock after selling 106,699 shares during the period. SPDR S&P 500 ETF Trust accounts for approximately 0.8% of Eqis Capital Management Inc.’s holdings, making the stock its 18th largest holding. Eqis Capital Management Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $10,234,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SPY. TD Asset Management Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 58.2% during the third quarter. TD Asset Management Inc. now owns 11,533,679 shares of the company’s stock worth $3,353,071,000 after acquiring an additional 4,241,118 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in SPDR S&P 500 ETF Trust by 259.3% during the third quarter. Rehmann Capital Advisory Group now owns 3,329,870 shares of the company’s stock worth $431,401,316,000 after acquiring an additional 2,403,166 shares in the last quarter. Gradient Investments LLC lifted its holdings in SPDR S&P 500 ETF Trust by 41,603.0% during the third quarter. Gradient Investments LLC now owns 1,407,059 shares of the company’s stock worth $409,060,000 after acquiring an additional 1,403,685 shares in the last quarter. Elite Wealth Management Inc. lifted its holdings in SPDR S&P 500 ETF Trust by 100.3% during the fourth quarter. Elite Wealth Management Inc. now owns 3,615 shares of the company’s stock worth $903,000 after acquiring an additional 1,174,799 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in SPDR S&P 500 ETF Trust by 233.0% during the third quarter. Mizuho Securities USA LLC now owns 1,231,045 shares of the company’s stock worth $357,743,000 after acquiring an additional 861,370 shares in the last quarter.

SPY stock opened at $270.47 on Monday. SPDR S&P 500 ETF Trust has a 1-year low of $233.76 and a 1-year high of $293.94.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Monday, December 24th were issued a dividend of $1.4354 per share. The ex-dividend date of this dividend was Friday, December 21st. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.32. This represents a $5.74 annualized dividend and a yield of 2.12%.

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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.

Further Reading: Can systematic risk be avoided?

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

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