Janney Capital Management LLC Increases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Janney Capital Management LLC lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1,155.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,257 shares of the company’s stock after buying an additional 29,688 shares during the quarter. Janney Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $4,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake 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 worth $166,797,000 after acquiring an additional 1,165,660 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Argent Capital Management LLC bought a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $14,644,000. Sanctuary Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the second quarter valued at $10,044,000. Finally, Synovus Financial Corp lifted its position in SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock valued at $12,723,000 after purchasing an additional 42,078 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.3 %

Shares of NYSEARCA:SDY opened at $134.19 on Wednesday. The firm has a fifty day simple moving average of $136.48 and a two-hundred day simple moving average of $137.19. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The stock has a market capitalization of $21.23 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.