Pinnacle Financial Partners Inc Grows Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pinnacle Financial Partners Inc raised its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,889 shares of the company’s stock after acquiring an additional 112 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in SPDR S&P Dividend ETF were worth $1,547,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC lifted its stake in shares of SPDR S&P Dividend ETF by 21.0% in the third quarter. Aptus Capital Advisors LLC now owns 3,312 shares of the company’s stock valued at $470,000 after purchasing an additional 574 shares during the period. Ashton Thomas Securities LLC purchased a new position in SPDR S&P Dividend ETF in the third quarter valued at about $67,000. Arrow Financial Corp acquired a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $233,000. Mesirow Financial Investment Management Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 1.9% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 101,088 shares of the company’s stock worth $14,358,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Carmel Capital Partners LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter worth approximately $265,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $139.95 on Friday. The business has a 50 day moving average price of $140.61 and a 200 day moving average price of $134.60. The company has a market capitalization of $22.14 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $117.25 and a 1-year high of $144.06.

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.