Black Diamond Financial LLC Lowers Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Black Diamond Financial LLC decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,267 shares of the company’s stock after selling 2,880 shares during the period. Black Diamond Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $5,319,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SDY. JPMorgan Chase & Co. boosted its holdings in shares of 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 valued at $147,161,000 after purchasing an additional 122,858 shares during the period. TigerOak Management L.L.C. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $16,186,000. Private Advisor Group LLC boosted its holdings in shares of 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 valued at $33,802,000 after purchasing an additional 117,210 shares during the period. Argent Capital Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $14,644,000. Finally, Strategic Financial Concepts LLC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter worth $11,505,000.

SPDR S&P Dividend ETF Stock Down 0.1 %

SPDR S&P Dividend ETF stock opened at $136.54 on Monday. The business has a fifty day moving average of $133.42 and a two-hundred day moving average of $137.63. The firm has a market cap of $21.60 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45.

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.