TigerOak Management L.L.C. Takes $16.19 Million Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

TigerOak Management L.L.C. bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 122,532 shares of the company’s stock, valued at approximately $16,186,000. SPDR S&P Dividend ETF makes up 5.9% of TigerOak Management L.L.C.’s portfolio, making the stock its 6th largest position. TigerOak Management L.L.C. owned about 0.08% of SPDR S&P Dividend ETF at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Aveo Capital Partners LLC boosted its position in SPDR S&P Dividend ETF by 1,594.9% in the fourth quarter. Aveo Capital Partners LLC now owns 34,728 shares of the company’s stock valued at $4,588,000 after buying an additional 32,679 shares in the last quarter. BXM Wealth LLC acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $333,000. Nations Financial Group Inc. IA ADV boosted its position in SPDR S&P Dividend ETF by 7.7% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,345 shares of the company’s stock valued at $310,000 after buying an additional 168 shares in the last quarter. Root Financial Partners LLC acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $272,000. Finally, Values Added Financial LLC acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $438,000.

SPDR S&P Dividend ETF Stock Down 0.5 %

NYSEARCA:SDY opened at $134.26 on Friday. The firm has a market cap of $21.24 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $123.32 and a 12 month high of $144.45. The company’s 50-day moving average price is $133.77 and its two-hundred day moving average price is $137.49.

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.