Cadent Capital Advisors LLC Grows Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cadent Capital Advisors LLC boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,296 shares of the company’s stock after buying an additional 120 shares during the period. SPDR S&P Dividend ETF makes up about 1.2% of Cadent Capital Advisors LLC’s holdings, making the stock its 23rd biggest position. Cadent Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $3,474,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SDY. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF during the 3rd quarter valued at about $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth about $32,000. Assetmark Inc. grew its stake in shares of SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period. Strategic Investment Solutions Inc. IL increased its stake in SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock traded up $0.91 during trading on Monday, reaching $129.65. 197,978 shares of the company’s stock were exchanged, compared to its average volume of 464,096. The company’s 50-day moving average is $137.58 and its two-hundred day moving average is $136.89. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45.

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.