TPG Financial Advisors LLC boosted its stake in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 14.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,959 shares of the company’s stock after acquiring an additional 244 shares during the period. SPDR S&P 500 ETF Trust accounts for 0.5% of TPG Financial Advisors LLC’s portfolio, making the stock its 26th largest holding. TPG Financial Advisors LLC’s holdings in SPDR S&P 500 ETF Trust were worth $560,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Murphy Pohlad Asset Management LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $33,000. Riverview Trust Co purchased a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $46,000. Signet Investment Advisory Group Inc. purchased a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $47,000. Nalls Sherbakoff Group LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $55,000. Finally, Arbor Wealth Management LLC purchased a new position in shares of SPDR S&P 500 ETF Trust in the 4th quarter worth $66,000.
Shares of NYSEARCA:SPY traded up $0.64 on Friday, reaching $282.78. The company’s stock had a trading volume of 55,221,341 shares, compared to its average volume of 78,248,703. SPDR S&P 500 ETF Trust has a 52-week low of $233.76 and a 52-week high of $294.95.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, March 18th were paid a $1.2331 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.93 dividend on an annualized basis and a dividend yield of 1.74%.
COPYRIGHT VIOLATION WARNING: This piece was reported by Zolmax and is owned by of Zolmax. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://zolmax.com/investing/spdr-sp-500-etf-trust-spy-shares-bought-by-tpg-financial-advisors-llc/3095221.html.
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.
Featured Article: How Do I Invest in Dividend 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).
Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.