SPDR S&P Dividend ETF (NYSEARCA:SDY) Holdings Lifted by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 267,004.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 678,445 shares of the company’s stock after buying an additional 678,191 shares during the period. Assetmark Inc. owned 0.43% of SPDR S&P Dividend ETF worth $89,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SDY. JPMorgan Chase & Co. increased its position in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares during the period. TigerOak Management L.L.C. bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $16,186,000. Private Advisor Group LLC increased its holdings in shares of SPDR S&P Dividend ETF by 84.5% during the fourth quarter. Private Advisor Group LLC now owns 255,882 shares of the company’s stock valued at $33,802,000 after purchasing an additional 117,210 shares during the period. Argent Capital Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $14,644,000. Finally, Strategic Financial Concepts LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter worth about $11,505,000.

SPDR S&P Dividend ETF Stock Down 1.8 %

Shares of SDY opened at $135.93 on Wednesday. The firm has a market capitalization of $20.34 billion, a PE ratio of 21.48 and a beta of 0.88. The firm has a 50-day moving average price of $133.87 and a 200 day moving average price of $137.79. SPDR S&P Dividend ETF has a 52-week low of $124.37 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.