DAVENPORT & Co LLC Grows Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

DAVENPORT & Co LLC boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 32,343 shares of the company’s stock after acquiring an additional 502 shares during the quarter. DAVENPORT & Co LLC’s holdings in SPDR S&P Dividend ETF were worth $4,273,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SDY. International Assets Investment Management LLC raised its position in SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after acquiring an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 122,858 shares in the last quarter. Argent Capital Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $14,644,000. Synovus Financial Corp raised its stake in shares of SPDR S&P Dividend ETF by 88.6% during the 3rd quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after buying an additional 42,078 shares during the last quarter. Finally, Nwam LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth $5,274,000.

SPDR S&P Dividend ETF Stock Down 0.4 %

NYSEARCA:SDY opened at $134.05 on Tuesday. The company has a market capitalization of $21.21 billion, a PE 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. The stock has a fifty day simple moving average of $135.52 and a 200-day simple moving average of $137.47.

SPDR S&P Dividend ETF 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.