Berkshire Money Management Inc. Invests $339,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Berkshire Money Management Inc. bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,570 shares of the company’s stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. International Assets Investment Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 13,497.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after buying an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR S&P Dividend ETF by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares in the last quarter. Argent Capital Management LLC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $14,644,000. Synovus Financial Corp increased its position in shares of SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after purchasing an additional 42,078 shares in the last quarter. Finally, Nwam LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $5,274,000.

SPDR S&P Dividend ETF Stock Down 0.3 %

Shares of NYSEARCA SDY opened at $133.67 on Wednesday. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45. The business has a 50-day moving average price of $135.33 and a 200 day moving average price of $137.48. The stock has a market cap of $21.15 billion, a PE ratio of 19.72 and a beta of 0.68.

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.