Stonebridge Financial Group LLC Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Stonebridge Financial Group LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,915 shares of the company’s stock, valued at approximately $385,000.

Other large investors also recently bought and sold shares of the company. Joel Isaacson & Co. LLC boosted its stake in shares of SPDR S&P Dividend ETF by 2.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after buying an additional 54,648 shares during the period. International Assets Investment Management LLC lifted its stake in SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after acquiring an additional 1,165,660 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 122,858 shares in the last quarter. Destination Wealth Management increased its position in shares of SPDR S&P Dividend ETF by 0.3% in the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after purchasing an additional 2,366 shares during the last quarter. Finally, Legacy Financial Group LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock valued at $49,850,000 after purchasing an additional 3,088 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.7 %

Shares of SDY stock opened at $134.44 on Wednesday. The company has a market cap of $21.27 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm has a fifty day moving average price of $134.32 and a 200 day moving average price of $137.54. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 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.