SPDR S&P Dividend ETF (NYSEARCA:SDY) Stake Increased by US Bancorp DE

US Bancorp DE raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,891 shares of the company’s stock after purchasing an additional 1,921 shares during the period. US Bancorp DE’s holdings in SPDR S&P Dividend ETF were worth $10,422,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC increased its stake in 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 valued at $332,449,000 after purchasing an additional 54,648 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 valued at $147,161,000 after purchasing an additional 122,858 shares during the last quarter. Destination Wealth Management increased its stake in 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 valued at $99,488,000 after purchasing an additional 2,366 shares during the last quarter. Elk River Wealth Management LLC increased its stake in SPDR S&P Dividend ETF by 2.6% during the fourth quarter. Elk River Wealth Management LLC now owns 395,119 shares of the company’s stock valued at $52,196,000 after purchasing an additional 10,095 shares during the last quarter. Finally, Legacy Financial Group LLC increased its stake in SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock valued at $49,850,000 after purchasing an additional 3,088 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $138.36 on Tuesday. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The firm has a fifty day moving average price of $133.82 and a two-hundred day moving average price of $137.79. The firm has a market cap of $20.70 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88.

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.