Ausdal Financial Partners Inc. Cuts Stake in SPDR S&P 500 ETF Trust (SPY)

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Ausdal Financial Partners Inc. lessened its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,367 shares of the company’s stock after selling 1,218 shares during the quarter. SPDR S&P 500 ETF Trust comprises about 1.0% of Ausdal Financial Partners Inc.’s investment portfolio, making the stock its 21st largest position. Ausdal Financial Partners Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $2,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPY. TD Asset Management Inc. lifted its stake in SPDR S&P 500 ETF Trust by 21.1% in the fourth quarter. TD Asset Management Inc. now owns 13,965,624 shares of the company’s stock valued at $3,490,288,000 after buying an additional 2,431,945 shares during the period. Rehmann Capital Advisory Group lifted its stake in SPDR S&P 500 ETF Trust by 259.3% in the third quarter. Rehmann Capital Advisory Group now owns 3,329,870 shares of the company’s stock valued at $431,401,316,000 after buying an additional 2,403,166 shares during the period. Elite Wealth Management Inc. lifted its stake in SPDR S&P 500 ETF Trust by 100.3% in the fourth quarter. Elite Wealth Management Inc. now owns 3,615 shares of the company’s stock valued at $903,000 after buying an additional 1,174,799 shares during the period. Hartford Investment Management Co. lifted its stake in SPDR S&P 500 ETF Trust by 532.4% in the fourth quarter. Hartford Investment Management Co. now owns 1,255,380 shares of the company’s stock valued at $313,745,000 after buying an additional 1,056,880 shares during the period. Finally, Toronto Dominion Bank lifted its stake in SPDR S&P 500 ETF Trust by 5.9% in the fourth quarter. Toronto Dominion Bank now owns 15,944,291 shares of the company’s stock valued at $3,984,765,000 after buying an additional 883,544 shares during the period.

Shares of SPDR S&P 500 ETF Trust stock opened at $290.02 on Friday. 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 declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 18th will be issued a $1.2331 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $4.93 annualized dividend and a dividend yield of 1.70%.

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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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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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