Pinnacle Financial Group LLC IL boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,505 shares of the company’s stock after acquiring an additional 125 shares during the quarter. Pinnacle Financial Group LLC IL’s holdings in SPDR S&P Dividend ETF were worth $463,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the business. Bank of America Corp DE grew its position in SPDR S&P Dividend ETF by 0.3% in the 4th quarter. Bank of America Corp DE now owns 7,716,604 shares of the company’s stock valued at $1,019,363,000 after purchasing an additional 24,596 shares during the period. Raymond James Financial Inc. bought a new position in SPDR S&P Dividend ETF during the 4th quarter valued at $397,657,000. LPL Financial LLC lifted its stake in 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 valued at $378,030,000 after acquiring an additional 59,001 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in SPDR S&P Dividend ETF by 2.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after acquiring an additional 54,648 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in 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 acquiring an additional 335,483 shares in the last quarter.
SPDR S&P Dividend ETF Trading Down 1.9%
Shares of NYSEARCA:SDY opened at $134.09 on Thursday. The stock’s fifty day simple moving average is $131.63 and its two-hundred day simple moving average is $134.69. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The stock has a market cap of $19.84 billion, a PE ratio of 20.65 and a beta of 0.81.
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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Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report).
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