1,558 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Purchased by Hurley Capital LLC

Hurley Capital LLC bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, Holdings Channel reports. The fund bought 1,558 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $397,657,000. LPL Financial LLC boosted its holdings in SPDR S&P Dividend ETF by 2.1% in the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock valued at $378,030,000 after purchasing an additional 59,001 shares during the period. Joel Isaacson & Co. LLC grew its position in shares of SPDR S&P Dividend ETF by 2.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after purchasing an additional 54,648 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of SPDR S&P Dividend ETF by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock valued at $277,875,000 after purchasing an additional 335,483 shares in the last quarter. Finally, JPMorgan Chase & Co. increased 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 worth $223,073,000 after purchasing an additional 652,619 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $125.88 on Friday. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 20.96 and a beta of 0.80. The stock has a fifty day moving average of $135.08 and a 200 day moving average of $137.20. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.8184 per share. The ex-dividend date was Monday, March 24th.

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.