Beacon Pointe Advisors LLC Purchases 432 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Beacon Pointe Advisors LLC boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 33,855 shares of the company’s stock after buying an additional 432 shares during the period. Beacon Pointe Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in SPDR S&P Dividend ETF in the 4th quarter valued at about $397,657,000. Assetmark Inc. raised its stake in shares of SPDR S&P Dividend ETF by 267,004.3% in the fourth quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after purchasing an additional 678,191 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SPDR S&P Dividend ETF by 63.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock valued at $223,073,000 after purchasing an additional 652,619 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of SPDR S&P Dividend ETF by 19.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock valued at $277,875,000 after buying an additional 335,483 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in SPDR S&P Dividend ETF during the fourth quarter worth $23,435,000.

SPDR S&P Dividend ETF Trading Up 0.4 %

NYSEARCA SDY opened at $130.99 on Wednesday. The firm has a market capitalization of $19.37 billion, a P/E ratio of 20.17 and a beta of 0.80. The business has a fifty day simple moving average of $132.63 and a 200 day simple moving average of $135.50. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45.

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.