GWN Securities Inc. Acquires Shares of 1,853 SPDR S&P Dividend ETF (NYSEARCA:SDY)

GWN Securities Inc. purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,853 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth $397,657,000. Joel Isaacson & Co. LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.2% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after purchasing an additional 54,648 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,103,945 shares of the company’s stock worth $145,831,000 after purchasing an additional 30,488 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Finally, Destination Wealth Management boosted its position in shares of SPDR S&P Dividend ETF by 0.3% during the third quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock worth $99,488,000 after purchasing an additional 2,366 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 1.1 %

Shares of NYSEARCA SDY opened at $136.12 on Tuesday. The company’s fifty day moving average is $134.53 and its 200-day moving average is $137.67. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45.

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.