Occidental Asset Management LLC Acquires 564 Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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Occidental Asset Management LLC lifted its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 35.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,164 shares of the company’s stock after buying an additional 564 shares during the quarter. Occidental Asset Management LLC’s holdings in SPDR S&P 500 ETF Trust were worth $697,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPY. F&V Capital Management LLC increased its position in SPDR S&P 500 ETF Trust by 4.0% in the fourth quarter. F&V Capital Management LLC now owns 7,862 shares of the company’s stock worth $2,530,000 after purchasing an additional 300 shares during the period. Newman Dignan & Sheerar Inc. increased its position in SPDR S&P 500 ETF Trust by 2.1% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 4,480 shares of the company’s stock worth $1,442,000 after purchasing an additional 94 shares during the period. Gainplan LLC acquired a new stake in SPDR S&P 500 ETF Trust in the fourth quarter worth about $39,372,000. Gradient Investments LLC increased its position in SPDR S&P 500 ETF Trust by 19,921.4% in the fourth quarter. Gradient Investments LLC now owns 1,050,921 shares of the company’s stock worth $338,249,000 after purchasing an additional 1,045,672 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. increased its position in SPDR S&P 500 ETF Trust by 145.4% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 6,870 shares of the company’s stock worth $2,211,000 after purchasing an additional 4,070 shares during the period.

Shares of SPY stock opened at $329.68 on Thursday. The stock has a 50-day moving average price of $319.74 and a 200 day moving average price of $303.52. SPDR S&P 500 ETF Trust has a 12 month low of $259.96 and a 12 month high of $329.02.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 23rd will be given a $1.57 dividend. This represents a $6.28 dividend on an annualized basis and a yield of 1.90%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend is Friday, December 20th.

About SPDR S&P 500 ETF Trust

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.

Further Reading: Relative Strength Index

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

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