Peapack Gladstone Financial Corp Has $7.88 Million Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Peapack Gladstone Financial Corp decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 59,655 shares of the company’s stock after selling 2,850 shares during the period. Peapack Gladstone Financial Corp’s holdings in SPDR S&P Dividend ETF were worth $7,880,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at about $397,657,000. LPL Financial LLC boosted its stake in SPDR S&P Dividend ETF by 2.1% during the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock valued at $378,030,000 after purchasing an additional 59,001 shares during the period. Joel Isaacson & Co. LLC grew its holdings in 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 last quarter. Wells Fargo & Company MN increased its position in SPDR S&P Dividend ETF by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock worth $277,875,000 after buying an additional 335,483 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SPDR S&P Dividend ETF by 63.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock worth $223,073,000 after buying an additional 652,619 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 5.1 %

Shares of SPDR S&P Dividend ETF stock opened at $125.88 on Monday. SPDR S&P Dividend ETF has a 1 year low of $123.78 and a 1 year high of $144.45. The company’s fifty day simple moving average is $135.08 and its 200-day simple moving average is $137.14. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 20.96 and a beta of 0.80.

SPDR S&P Dividend ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.8184 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.