Sandy Spring Bank Has $42.46 Million Position in SPDR S&P 500 Trust ETF (SPY)

Sandy Spring Bank reduced its stake in SPDR S&P 500 Trust ETF (NYSEARCA:SPY) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 161,356 shares of the company’s stock after selling 3,214 shares during the quarter. SPDR S&P 500 Trust ETF makes up approximately 3.8% of Sandy Spring Bank’s investment portfolio, making the stock its 3rd biggest position. Sandy Spring Bank’s holdings in SPDR S&P 500 Trust ETF were worth $42,461,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in SPY. ING Groep NV raised its holdings in SPDR S&P 500 Trust ETF by 719.4% during the fourth quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock valued at $1,605,793,000 after acquiring an additional 5,283,013 shares during the period. First Republic Investment Management Inc. raised its holdings in SPDR S&P 500 Trust ETF by 3.5% during the fourth quarter. First Republic Investment Management Inc. now owns 3,802,318 shares of the company’s stock valued at $1,014,686,000 after acquiring an additional 127,325 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in SPDR S&P 500 Trust ETF by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,753,798 shares of the company’s stock valued at $1,001,762,000 after acquiring an additional 91,174 shares during the period. Itau Unibanco Holding S.A. raised its holdings in SPDR S&P 500 Trust ETF by 499.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,482,221 shares of the company’s stock valued at $662,211,000 after acquiring an additional 2,068,342 shares during the period. Finally, British Airways Pensions Investment Management Ltd bought a new stake in shares of SPDR S&P 500 Trust ETF in the fourth quarter worth about $645,764,000.

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Shares of SPY stock opened at $271.33 on Monday. SPDR S&P 500 Trust ETF has a 12-month low of $237.27 and a 12-month high of $286.63.

The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Monday, March 19th were issued a $1.0968 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $4.39 annualized dividend and a dividend yield of 1.62%.

About SPDR S&P 500 Trust ETF

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 Trust ETF (NYSEARCA:SPY)

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