Kestra Investment Management LLC Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kestra Investment Management LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 235 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in SPDR S&P Dividend ETF by 13,497.7% in the third 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 period. JPMorgan Chase & Co. increased its position in shares of 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 worth $147,161,000 after acquiring an additional 122,858 shares in the last quarter. TigerOak Management L.L.C. purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $16,186,000. Argent Capital Management LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $14,644,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $11,505,000.

SPDR S&P Dividend ETF Trading Down 0.1 %

Shares of NYSEARCA SDY opened at $136.54 on Friday. The stock has a fifty day moving average price of $133.42 and a 200 day moving average price of $137.55. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The company has a market cap of $21.60 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.