J.Safra Asset Management Corp Has $57.53 Million Stake in SPDR S&P Dividend ETF $SDY

J.Safra Asset Management Corp grew its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.6% in the 2nd quarter, Holdings Channel reports. The fund owned 378,030 shares of the company’s stock after purchasing an additional 9,529 shares during the quarter. SPDR S&P Dividend ETF accounts for 2.6% of J.Safra Asset Management Corp’s portfolio, making the stock its 12th biggest position. J.Safra Asset Management Corp’s holdings in SPDR S&P Dividend ETF were worth $57,529,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. World Investment Advisors boosted its holdings in shares of SPDR S&P Dividend ETF by 9.2% in the fourth quarter. World Investment Advisors now owns 80,205 shares of the company’s stock valued at $11,161,000 after buying an additional 6,744 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of SPDR S&P Dividend ETF by 121.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock worth $2,458,000 after acquiring an additional 9,657 shares during the period. M&T Bank Corp raised its holdings in shares of SPDR S&P Dividend ETF by 8.0% during the fourth quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock worth $13,634,000 after acquiring an additional 7,228 shares during the period. Ticino Wealth bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $602,000. Finally, Churchill Financial Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $1,451,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $158.53 on Monday. The firm has a market cap of $24.00 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $160.29. The company has a fifty day moving average price of $154.16 and a 200 day moving average price of $151.11.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.