470 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Purchased by Synergy Investment Management LLC

Synergy Investment Management LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 470 shares of the company’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SDY. JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P Dividend ETF by 13.5% in the 3rd 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 during the last quarter. TigerOak Management L.L.C. acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth about $16,186,000. Private Advisor Group LLC raised its holdings in shares of SPDR S&P Dividend ETF by 84.5% in the 4th quarter. Private Advisor Group LLC now owns 255,882 shares of the company’s stock worth $33,802,000 after acquiring an additional 117,210 shares during the last quarter. Argent Capital Management LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter worth about $14,644,000. Finally, Strategic Financial Concepts LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter worth about $11,505,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $135.93 on Wednesday. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45. The company has a 50-day simple moving average of $133.87 and a two-hundred day simple moving average of $137.79. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88.

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.