Marino Stram & Associates LLC Has $35.94 Million Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Marino Stram & Associates LLC grew its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 272,026 shares of the company’s stock after acquiring an additional 3,488 shares during the period. SPDR S&P Dividend ETF accounts for about 8.0% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 3rd biggest holding. Marino Stram & Associates LLC’s holdings in SPDR S&P Dividend ETF were worth $35,935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Joel Isaacson & Co. LLC raised its stake in shares of SPDR S&P Dividend ETF by 1.2% during the third quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock valued at $349,702,000 after acquiring an additional 30,381 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 13,497.7% during 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 acquiring an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after buying an additional 122,858 shares during the period. Destination Wealth Management increased its holdings in SPDR S&P Dividend ETF by 0.3% during the third quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after buying an additional 2,366 shares during the period. Finally, Creative Planning increased its holdings in SPDR S&P Dividend ETF by 1.1% during the second quarter. Creative Planning now owns 461,739 shares of the company’s stock valued at $58,724,000 after buying an additional 4,963 shares during the period.

SPDR S&P Dividend ETF Stock Down 1.2 %

Shares of SDY stock opened at $133.37 on Thursday. The firm has a market cap of $21.10 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s 50 day moving average is $136.48 and its 200 day moving average is $137.19. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45.

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.