Ashton Thomas Private Wealth LLC Increases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Ashton Thomas Private Wealth LLC lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 33.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,226 shares of the company’s stock after buying an additional 564 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth about $397,657,000. Assetmark Inc. grew its holdings in SPDR S&P Dividend ETF by 267,004.3% in the fourth quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after purchasing an additional 678,191 shares during the period. JPMorgan Chase & Co. grew its holdings in SPDR S&P Dividend ETF by 13.5% in 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 during the period. TigerOak Management L.L.C. purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth about $16,186,000. Finally, Private Advisor Group LLC grew its holdings in SPDR S&P Dividend ETF by 84.5% in the fourth quarter. Private Advisor Group LLC now owns 255,882 shares of the company’s stock worth $33,802,000 after purchasing an additional 117,210 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $135.35 on Wednesday. The stock has a market cap of $20.25 billion, a PE ratio of 21.48 and a beta of 0.88. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The firm’s 50-day simple moving average is $134.30 and its two-hundred day simple moving average is $137.79.

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.