Union Bankshares cut its stake in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,122 shares of the company’s stock after selling 449 shares during the period. Union Bankshares’ holdings in SPDR S&P 500 ETF Trust were worth $840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Loge Solutions increased its position in SPDR S&P 500 ETF Trust by 254.0% in the third quarter. Loge Solutions now owns 526,000 shares of the company’s stock valued at $169,569,000 after buying an additional 377,400 shares in the last quarter. J. Goldman & Company purchased a new position in SPDR S&P 500 ETF Trust during the third quarter valued at about $11,115,000. Gerstein Fisher increased its position in SPDR S&P 500 ETF Trust by 2.2% in the third quarter. Gerstein Fisher now owns 3,592 shares of the company’s stock valued at $688,000 after buying an additional 78 shares in the last quarter. CT Financial Advisors increased its position in SPDR S&P 500 ETF Trust by 1.5% in the fourth quarter. CT Financial Advisors now owns 15,219 shares of the company’s stock valued at $3,102,611 after buying an additional 229 shares in the last quarter. Finally, Arkansas Financial Group purchased a new position in SPDR S&P 500 ETF Trust during the third quarter valued at about $4,383,000.

SPDR S&P 500 ETF Trust (NYSE:SPY) traded up 2.05% on Friday, hitting $190.52. The stock had a trading volume of 168,319,598 shares. The company has a 50-day moving average price of $199.71 and a 200-day moving average price of $202.84. SPDR S&P 500 ETF Trust has a 1-year low of $181.02 and a 1-year high of $213.78.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Tuesday, December 22nd will be given a $1.2116 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $4.85 dividend on an annualized basis and a yield of 2.54%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.02.

SPDR S&P 500 ETF Trust (NYSE:SPY) is an exchange traded fund. The Trust corresponds to the price and yield performance of the S&P 500 Index. The S&P 500 Index is composed of 500 selected stocks and spans over 24 separate industry groups. The Fund’s investment sectors include information technology, financials, energy, health care, consumer staples, industrials, consumer discretionary, materials, utilities and telecommunication services.

12 Month Chart for NYSE:SPY

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