SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Simmons Bank

Simmons Bank lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,614 shares of the company’s stock after selling 1,599 shares during the period. Simmons Bank’s holdings in SPDR S&P Dividend ETF were worth $8,403,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Strategent Financial LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $5,167,000. TruNorth Capital Management LLC boosted its holdings in SPDR S&P Dividend ETF by 466.6% in the 4th quarter. TruNorth Capital Management LLC now owns 3,921 shares of the company’s stock worth $518,000 after acquiring an additional 3,229 shares during the period. BankPlus Trust Department acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $101,000. IFP Advisors Inc raised its stake in shares of SPDR S&P Dividend ETF by 8.3% during the fourth quarter. IFP Advisors Inc now owns 12,477 shares of the company’s stock valued at $1,648,000 after purchasing an additional 954 shares during the period. Finally, World Equity Group Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth $410,000.

SPDR S&P Dividend ETF Trading Up 0.7 %

SDY opened at $137.88 on Wednesday. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45. The firm has a market cap of $21.81 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company has a fifty day simple moving average of $133.44 and a 200 day simple moving average of $137.69.

SPDR S&P Dividend ETF Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.