Aire Advisors LLC Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Aire Advisors LLC acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,438 shares of the company’s stock, valued at approximately $454,000.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $397,657,000. Assetmark Inc. raised its holdings in SPDR S&P Dividend ETF by 267,004.3% in the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock valued at $89,623,000 after acquiring an additional 678,191 shares in the last quarter. Independent Advisor Alliance bought a new position in SPDR S&P Dividend ETF in the fourth quarter worth $23,435,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 during the period. Finally, TigerOak Management L.L.C. bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $16,186,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $134.38 on Tuesday. The company has a market capitalization of $20.00 billion, a P/E ratio of 20.91 and a beta of 0.87. The business’s 50 day simple moving average is $135.01 and its 200-day simple moving average is $137.52. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be given a dividend of $0.8184 per share. The ex-dividend date is Monday, March 24th.

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.