16,628 Shares in SPDR S&P Dividend ETF $SDY Acquired by Arax Advisory Partners

Arax Advisory Partners purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,628 shares of the company’s stock, valued at approximately $2,314,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley raised its stake in shares of SPDR S&P Dividend ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after buying an additional 95,878 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after buying an additional 121,368 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock worth $288,980,000 after buying an additional 39,572 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after buying an additional 165,053 shares during the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

SDY opened at $152.66 on Monday. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The firm has a 50 day simple moving average of $148.47 and a 200 day simple moving average of $147.08. SPDR S&P Dividend ETF has a fifty-two week low of $132.89 and a fifty-two week high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.