First Trust Advisors LP Grows Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

First Trust Advisors LP raised its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,413 shares of the company’s stock after buying an additional 5,629 shares during the period. First Trust Advisors LP’s holdings in SPDR S&P Dividend ETF were worth $4,810,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter worth about $397,657,000. LPL Financial LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.1% during the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock worth $378,030,000 after purchasing an additional 59,001 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the 4th 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 during the period. Wells Fargo & Company MN raised its holdings in shares of SPDR S&P Dividend ETF by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock worth $277,875,000 after purchasing an additional 335,483 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in SPDR S&P Dividend ETF by 63.0% in the fourth 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 Price Performance

NYSEARCA:SDY opened at $130.43 on Friday. The company has a market capitalization of $19.28 billion, a P/E ratio of 20.17 and a beta of 0.80. The business has a fifty day simple moving average of $132.38 and a two-hundred day simple moving average of $135.39. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year 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.