Wsfs Capital Management LLC Decreases Stake in SPDR S&P 500 ETF Trust (SPY)

Wsfs Capital Management LLC lessened its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,889 shares of the company’s stock after selling 1,133 shares during the quarter. SPDR S&P 500 ETF Trust makes up about 3.6% of Wsfs Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Wsfs Capital Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $3,971,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Peak Capital Management LLC acquired a new stake in SPDR S&P 500 ETF Trust in the 3rd quarter valued at $28,000. Riverview Trust Co acquired a new stake in SPDR S&P 500 ETF Trust in the 4th quarter valued at $46,000. Signet Investment Advisory Group Inc. acquired a new stake in SPDR S&P 500 ETF Trust in the 4th quarter valued at $47,000. First PREMIER Bank boosted its stake in SPDR S&P 500 ETF Trust by 134.8% in the 4th quarter. First PREMIER Bank now owns 270 shares of the company’s stock valued at $67,000 after buying an additional 155 shares in the last quarter. Finally, Avondale Wealth Management acquired a new stake in SPDR S&P 500 ETF Trust in the 4th quarter valued at $75,000.

Shares of SPY stock opened at $290.02 on Monday. SPDR S&P 500 ETF Trust has a one year low of $233.76 and a one year high of $293.94.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 18th will be paid a $1.2331 dividend. This represents a $4.93 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, March 15th.

COPYRIGHT VIOLATION NOTICE: This story was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/04/22/wsfs-capital-management-llc-decreases-stake-in-spdr-sp-500-etf-trust-spy.html.

SPDR S&P 500 ETF Trust 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.

See Also: What is Cost of Debt?

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.