Citizens Financial Group Inc. RI Buys 490 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Citizens Financial Group Inc. RI raised its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,550 shares of the company’s stock after acquiring an additional 490 shares during the period. Citizens Financial Group Inc. RI’s holdings in SPDR S&P Dividend ETF were worth $2,715,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Ritholtz Wealth Management lifted its holdings in SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after buying an additional 505 shares during the period. Empowered Funds LLC bought a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth about $67,000. Franklin Resources Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares during the period. FSA Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at about $3,488,000. Finally, Citigroup Inc. grew its stake in SPDR S&P Dividend ETF by 16.0% during the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after purchasing an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $135.35 on Wednesday. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The stock has a 50 day simple moving average of $134.30 and a two-hundred day simple moving average of $137.79. The company has a market cap of $20.25 billion, a P/E ratio of 21.48 and a beta of 0.88.

About SPDR S&P Dividend ETF

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.