Jackson Grant Investment Advisers Inc. lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,516 shares of the company’s stock after selling 1,071 shares during the period. SPDR S&P Dividend ETF accounts for 9.0% of Jackson Grant Investment Advisers Inc.’s investment portfolio, making the stock its 3rd biggest position. Jackson Grant Investment Advisers Inc. owned about 0.11% of SPDR S&P Dividend ETF worth $23,318,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Martin Capital Partners LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $402,000. Berkshire Money Management Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth $339,000. GEN Financial Management INC. purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $794,000. Baltimore Washington Financial Advisors Inc. raised its position in shares of SPDR S&P Dividend ETF by 7.0% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 157,333 shares of the company’s stock worth $20,784,000 after buying an additional 10,341 shares during the period. Finally, Financial Life Planners acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at $54,000.
SPDR S&P Dividend ETF Price Performance
Shares of NYSEARCA:SDY opened at $134.21 on Thursday. The business has a 50-day moving average of $135.13 and a two-hundred day moving average of $137.49. The firm has a market capitalization of $21.23 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45.
About SPDR S&P Dividend ETF
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.
Further Reading
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