Pasadena Private Wealth LLC Takes Position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Pasadena Private Wealth LLC bought a new position in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,303 shares of the company’s stock, valued at approximately $576,000. SPDR S&P 500 ETF Trust accounts for 0.8% of Pasadena Private Wealth LLC’s holdings, making the stock its 14th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peak Capital Management LLC purchased a new position in SPDR S&P 500 ETF Trust in the third quarter valued at about $28,000. Signet Investment Advisory Group Inc. purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter valued at about $47,000. First PREMIER Bank boosted its holdings in SPDR S&P 500 ETF Trust by 134.8% in the fourth quarter. First PREMIER Bank now owns 270 shares of the company’s stock valued at $67,000 after purchasing an additional 155 shares during the last quarter. Avondale Wealth Management purchased a new position in SPDR S&P 500 ETF Trust in the fourth quarter valued at about $75,000. Finally, JJJ Advisors Inc. boosted its holdings in SPDR S&P 500 ETF Trust by 17.3% in the fourth quarter. JJJ Advisors Inc. now owns 318 shares of the company’s stock valued at $79,000 after purchasing an additional 47 shares during the last quarter.

SPY traded up $1.44 on Friday, reaching $288.10. The company’s stock had a trading volume of 112,365,665 shares, compared to its average volume of 78,446,898. SPDR S&P 500 ETF Trust has a 1 year low of $233.76 and a 1 year high of $294.95.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, March 18th were given a $1.2331 dividend. This represents a $4.93 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, March 15th.

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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.

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

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