Axxcess Wealth Management LLC Boosts Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Axxcess Wealth Management LLC grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,217 shares of the company’s stock after buying an additional 1,262 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $2,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $397,657,000. Assetmark Inc. grew its position in shares of 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 valued at $89,623,000 after purchasing an additional 678,191 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $23,435,000. JPMorgan Chase & Co. raised its position in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd 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 last quarter. Finally, TigerOak Management L.L.C. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $16,186,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $135.53 on Wednesday. The business’s fifty day moving average price is $134.62 and its two-hundred day moving average price is $137.64. The stock has a market cap of $20.17 billion, a PE ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year 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.