Jackson Grant Investment Advisers Inc. Sells 1,071 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Jackson Grant Investment Advisers Inc. trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 176,516 shares of the company’s stock after selling 1,071 shares during the period. SPDR S&P Dividend ETF makes up 9.0% of Jackson Grant Investment Advisers Inc.’s portfolio, making the stock its 3rd biggest position. Jackson Grant Investment Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $23,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after buying an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 worth $147,161,000 after acquiring an additional 122,858 shares during the period. Argent Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $14,644,000. Synovus Financial Corp raised its stake in shares of SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock valued at $12,723,000 after purchasing an additional 42,078 shares during the period. Finally, Nwam LLC acquired a new position in shares of SPDR S&P Dividend ETF during the third quarter worth $5,274,000.

SPDR S&P Dividend ETF Trading Up 0.4 %

Shares of SDY stock opened at $134.21 on Thursday. SPDR S&P Dividend ETF has a twelve month low of $121.52 and a twelve month high of $144.45. The company has a market capitalization of $21.23 billion, a PE ratio of 19.72 and a beta of 0.68. The firm has a fifty day simple moving average of $135.13 and a 200-day simple moving average of $137.49.

About SPDR S&P Dividend ETF

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.