NEXT Financial Group Inc Has $5.84 Million Stock Holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

NEXT Financial Group Inc lifted its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,122 shares of the company’s stock after buying an additional 788 shares during the quarter. SPDR S&P 500 ETF Trust comprises 0.6% of NEXT Financial Group Inc’s portfolio, making the stock its 24th biggest holding. NEXT Financial Group Inc’s holdings in SPDR S&P 500 ETF Trust were worth $5,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPY. Financial Management Professionals Inc. lifted its stake in SPDR S&P 500 ETF Trust by 2.3% in the fourth quarter. Financial Management Professionals Inc. now owns 1,448 shares of the company’s stock valued at $466,000 after buying an additional 33 shares during the period. Murphy Middleton Hinkle & Parker Inc. increased its stake in shares of SPDR S&P 500 ETF Trust by 0.4% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 8,271 shares of the company’s stock valued at $2,662,000 after acquiring an additional 37 shares during the last quarter. Lake Street Financial LLC raised its position in shares of SPDR S&P 500 ETF Trust by 0.8% in the 4th quarter. Lake Street Financial LLC now owns 4,576 shares of the company’s stock valued at $1,473,000 after acquiring an additional 37 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of SPDR S&P 500 ETF Trust by 0.7% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 6,185 shares of the company’s stock valued at $1,836,000 after acquiring an additional 40 shares during the period. Finally, Mirador Capital Partners LP grew its holdings in SPDR S&P 500 ETF Trust by 2.3% during the third quarter. Mirador Capital Partners LP now owns 1,788 shares of the company’s stock valued at $531,000 after purchasing an additional 40 shares during the period.

Shares of NYSEARCA:SPY opened at $331.30 on Wednesday. The company has a 50 day moving average price of $321.81 and a two-hundred day moving average price of $304.63. SPDR S&P 500 ETF Trust has a 52 week low of $260.66 and a 52 week high of $332.18.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $1.57 per share. This represents a $6.28 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost 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.

SPDR S&P 500 ETF Trust Company 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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