Chevy Chase Trust Holdings LLC Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Chevy Chase Trust Holdings LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,695 shares of the company’s stock, valued at approximately $230,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of SPDR S&P Dividend ETF by 0.3% during the 4th quarter. Bank of America Corp DE now owns 7,716,604 shares of the company’s stock worth $1,019,363,000 after buying an additional 24,596 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $397,657,000. LPL Financial LLC boosted its stake in shares of SPDR S&P Dividend ETF by 2.1% during the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock worth $378,030,000 after buying an additional 59,001 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of SPDR S&P Dividend ETF by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock worth $277,875,000 after buying an additional 335,483 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of SPDR S&P Dividend ETF by 63.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock worth $223,073,000 after buying an additional 652,619 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $135.26 on Friday. The firm has a 50-day moving average of $133.57 and a 200-day moving average of $133.46. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

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.