Oppenheimer & Co. Inc. Increases Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Oppenheimer & Co. Inc. increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,264 shares of the company’s stock after acquiring an additional 6,802 shares during the period. Oppenheimer & Co. Inc.’s holdings in SPDR S&P Dividend ETF were worth $7,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SDY. Avion Wealth lifted its position in SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $31,000. JNBA Financial Advisors acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth $32,000. Finally, Assetmark Inc. grew its position in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $136.47 on Friday. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The stock has a market capitalization of $20.42 billion, a P/E ratio of 21.48 and a beta of 0.88. The company’s fifty day moving average is $133.60 and its two-hundred day moving average is $137.67.

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.