Hopwood Financial Services Inc. acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,400 shares of the company’s stock, valued at approximately $185,000.
Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $397,657,000. Assetmark Inc. increased its position in shares of SPDR S&P Dividend ETF by 267,004.3% during the fourth quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock valued at $89,623,000 after acquiring an additional 678,191 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $23,435,000. JPMorgan Chase & Co. raised its holdings in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Finally, TigerOak Management L.L.C. purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $16,186,000.
SPDR S&P Dividend ETF Stock Down 2.2 %
Shares of NYSEARCA SDY opened at $135.35 on Wednesday. The company has a market cap of $20.25 billion, a PE ratio of 21.48 and a beta of 0.88. The firm’s 50-day moving average price is $134.30 and its 200-day moving average price is $137.79. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45.
SPDR S&P Dividend ETF Company 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.
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