TIAA Trust National Association Boosts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

TIAA Trust National Association raised its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,327 shares of the company’s stock after buying an additional 1,773 shares during the period. TIAA Trust National Association’s holdings in SPDR S&P Dividend ETF were worth $2,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC grew its stake in shares of SPDR S&P Dividend ETF by 1.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock valued at $914,000 after buying an additional 76 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in shares of SPDR S&P Dividend ETF by 4.9% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock worth $214,000 after buying an additional 76 shares during the last quarter. Good Life Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 1.4% in the 4th quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock valued at $748,000 after purchasing an additional 79 shares in the last quarter. Rebalance LLC raised its stake in SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Rebalance LLC now owns 10,955 shares of the company’s stock valued at $1,447,000 after buying an additional 85 shares in the last quarter. Finally, Smart Money Group LLC raised its position in shares of SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Smart Money Group LLC now owns 12,547 shares of the company’s stock valued at $1,658,000 after acquiring an additional 86 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $134.79 on Thursday. The firm’s 50-day moving average is $135.12 and its 200-day moving average is $137.47. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The company has a market cap of $20.06 billion, a P/E ratio of 20.91 and a beta of 0.87.

SPDR S&P Dividend ETF Announces Dividend

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