Peapack Gladstone Financial Corp Sells 2,850 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Posted by Tech Dows on Apr 7th, 2025

Peapack Gladstone Financial Corp trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 4.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 59,655 shares of the company’s stock after selling 2,850 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in SPDR S&P Dividend ETF were worth $7,880,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $397,657,000. Assetmark Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 267,004.3% in the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after purchasing an additional 678,191 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 purchasing an additional 652,619 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 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 valued at $277,875,000 after purchasing an additional 335,483 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $23,435,000.

SPDR S&P Dividend ETF Trading Down 5.1 %

NYSEARCA SDY opened at $125.88 on Monday. SPDR S&P Dividend ETF has a 1-year low of $123.78 and a 1-year high of $144.45. The company has a 50 day moving average of $135.08 and a 200-day moving average of $137.14. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of 20.96 and a beta of 0.80.

SPDR S&P Dividend ETF Dividend Announcement

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

About SPDR S&P Dividend ETF

(Free Report)

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.