Financial Partners Capital Management LLC decreased its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,558 shares of the company’s stock after selling 4,195 shares during the period. SPDR S&P 500 ETF Trust makes up about 4.8% of Financial Partners Capital Management LLC’s holdings, making the stock its largest holding. Financial Partners Capital Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $25,263,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. RiverPoint Capital Management LLC increased its holdings in SPDR S&P 500 ETF Trust by 6.1% during the 2nd quarter. RiverPoint Capital Management LLC now owns 19,928 shares of the company’s stock valued at $4,819,000 after purchasing an additional 1,146 shares during the period. State of Wisconsin Investment Board grew its holdings in shares of SPDR S&P 500 ETF Trust by 196.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,760 shares of the company’s stock worth $1,876,000 after acquiring an additional 5,145 shares during the period. MUFG Americas Holdings Corp boosted its position in shares of SPDR S&P 500 ETF Trust by 1.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 171,534 shares of the company’s stock worth $41,477,000 after purchasing an additional 2,269 shares in the last quarter. Friedenthal Financial bought a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter worth approximately $1,273,000. Finally, MEMBERS Trust Co boosted its position in shares of SPDR S&P 500 ETF Trust by 0.9% in the 2nd quarter. MEMBERS Trust Co now owns 831,477 shares of the company’s stock worth $201,051,000 after purchasing an additional 7,364 shares in the last quarter.

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

SPDR S&P 500 ETF Trust (SPY) opened at $267.17 on Wednesday. SPDR S&P 500 ETF Trust has a 12-month low of $222.73 and a 12-month high of $268.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be given a $1.3513 dividend. The ex-dividend date is Friday, December 15th. 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 yield of 2.02%. SPDR S&P 500 ETF Trust’s dividend payout ratio is -328.77%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/12/20/financial-partners-capital-management-llc-reduces-position-in-spdr-sp-500-etf-trust-spy.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.

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)

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.