WCM Investment Management LLC Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

WCM Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,174 shares of the company’s stock, valued at approximately $813,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. International Assets Investment Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd 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 in the last quarter. Argent Capital Management LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth $14,644,000. Strategic Financial Concepts LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth $11,505,000. Finally, Joel Isaacson & Co. LLC increased its stake in SPDR S&P Dividend ETF by 2.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after buying an additional 54,648 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 0.5 %

Shares of SPDR S&P Dividend ETF stock opened at $133.51 on Tuesday. The company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock’s 50-day simple moving average is $134.52 and its 200-day simple moving average is $137.53. 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 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.