NewEdge Advisors LLC Has $9.63 Million Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

NewEdge Advisors LLC decreased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,882 shares of the company’s stock after selling 621 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $9,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $397,657,000. LPL Financial LLC raised its stake in SPDR S&P Dividend ETF by 2.1% during the fourth quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock worth $378,030,000 after acquiring an additional 59,001 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after acquiring an additional 54,648 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of SPDR S&P Dividend ETF by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock valued at $277,875,000 after purchasing an additional 335,483 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in SPDR S&P Dividend ETF by 63.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock valued at $223,073,000 after purchasing an additional 652,619 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $129.43 on Friday. The firm’s fifty day moving average price is $133.44 and its two-hundred day moving average price is $136.14. The stock has a market cap of $19.21 billion, a PE ratio of 20.96 and a beta of 0.80. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week 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.