United Bank Lowers Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

United Bank lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,924 shares of the company’s stock after selling 114 shares during the quarter. United Bank’s holdings in SPDR S&P Dividend ETF were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $397,657,000. LPL Financial LLC grew its position in SPDR S&P Dividend ETF by 2.1% in the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock worth $378,030,000 after purchasing an additional 59,001 shares during the last quarter. Joel Isaacson & Co. LLC increased its holdings in shares of SPDR S&P Dividend ETF by 2.2% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after purchasing an additional 54,648 shares during the period. JPMorgan Chase & Co. raised its holdings in SPDR S&P Dividend ETF by 63.0% during the fourth 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. Finally, Commonwealth Equity Services LLC grew its position in SPDR S&P Dividend ETF by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,103,945 shares of the company’s stock worth $145,831,000 after buying an additional 30,488 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 0.6 %

NYSEARCA SDY opened at $134.29 on Friday. The stock’s 50-day moving average price is $135.17 and its two-hundred day moving average price is $137.41. 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 $19.98 billion, a PE ratio of 20.91 and a beta of 0.87.

SPDR S&P Dividend ETF Announces Dividend

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

SPDR S&P Dividend ETF Company 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.