National Bank of Canada FI Lowers Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

National Bank of Canada FI decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 89,618 shares of the company’s stock after selling 8,973 shares during the period. National Bank of Canada FI’s holdings in SPDR S&P Dividend ETF were worth $11,839,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SDY. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $397,657,000. Assetmark Inc. grew its holdings in SPDR S&P Dividend ETF by 267,004.3% during the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after acquiring an additional 678,191 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR S&P Dividend ETF by 63.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock worth $223,073,000 after purchasing an additional 652,619 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $23,435,000. Finally, TigerOak Management L.L.C. bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $16,186,000.

SPDR S&P Dividend ETF Stock Down 5.1 %

Shares of SPDR S&P Dividend ETF stock opened at $125.88 on Friday. The business has a 50-day moving average price of $135.08 and a 200 day moving average price of $137.20. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The firm has a market cap of $18.69 billion, a P/E ratio of 20.96 and a beta of 0.80.

SPDR S&P Dividend ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.8184 dividend. The ex-dividend date was Monday, March 24th.

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.