SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Simmons Bank

Simmons Bank lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 63,614 shares of the company’s stock after selling 1,599 shares during the quarter. Simmons Bank’s holdings in SPDR S&P Dividend ETF were worth $8,403,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of 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 worth $147,161,000 after purchasing an additional 122,858 shares during the last quarter. TigerOak Management L.L.C. bought a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at about $16,186,000. Private Advisor Group LLC raised its stake in SPDR S&P Dividend ETF by 84.5% during the fourth quarter. Private Advisor Group LLC now owns 255,882 shares of the company’s stock valued at $33,802,000 after buying an additional 117,210 shares in the last quarter. Argent Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $14,644,000. Finally, Strategic Financial Concepts LLC bought a new position in SPDR S&P Dividend ETF during the 4th quarter worth approximately $11,505,000.

SPDR S&P Dividend ETF Trading Up 0.7 %

Shares of NYSEARCA SDY opened at $137.88 on Wednesday. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45. The business has a 50 day simple moving average of $133.44 and a 200-day simple moving average of $137.69.

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.