Beacon Capital Management LLC Boosts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Beacon Capital Management LLC boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,951 shares of the company’s stock after acquiring an additional 112 shares during the quarter. Beacon Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $258,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SDY. Joel Isaacson & Co. LLC increased its holdings 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 purchasing an additional 54,648 shares in the last quarter. International Assets Investment Management LLC grew its position in SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after buying an additional 1,165,660 shares during the period. JPMorgan Chase & Co. grew its position in SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after buying an additional 122,858 shares during the period. Destination Wealth Management increased its holdings in SPDR S&P Dividend ETF by 0.3% in the third quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after buying an additional 2,366 shares in the last quarter. Finally, Legacy Financial Group LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock valued at $49,850,000 after acquiring an additional 3,088 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $134.26 on Friday. SPDR S&P Dividend ETF has a 12 month low of $123.32 and a 12 month high of $144.45. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business’s 50 day simple moving average is $133.77 and its 200-day simple moving average is $137.49.

SPDR S&P Dividend ETF Company 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.