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

Argent Capital Management LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 110,852 shares of the company’s stock, valued at approximately $14,644,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $31,000. JNBA Financial Advisors acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at $32,000. Assetmark Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF during the third quarter worth about $41,000.

SPDR S&P Dividend ETF Trading Up 0.6 %

SDY stock opened at $131.84 on Thursday. The stock has a market capitalization of $20.86 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45. The firm has a 50-day moving average price of $137.25 and a 200-day moving average price of $136.94.

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.