J.W. Cole Advisors Inc. Lowers Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

J.W. Cole Advisors Inc. trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,614 shares of the company’s stock after selling 458 shares during the period. J.W. Cole Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $6,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SDY. International Assets Investment Management LLC grew its position in 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 during the last quarter. JPMorgan Chase & Co. grew its position in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after buying an additional 122,858 shares during the last quarter. TigerOak Management L.L.C. purchased a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $16,186,000. Argent Capital Management LLC purchased a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $14,644,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth $11,505,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $134.26 on Friday. The firm has a market capitalization of $21.24 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $123.32 and a one year high of $144.45. The company’s fifty day moving average is $133.77 and its two-hundred day moving average is $137.49.

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.