Nichols & Pratt Advisers LLP MA Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Nichols & Pratt Advisers LLP MA acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,625 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of SPDR S&P Dividend ETF by 0.4% during the third quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock worth $304,180,000 after purchasing an additional 10,757 shares in the last quarter. Raymond James & Associates grew its stake in shares of SPDR S&P Dividend ETF by 1.5% during the fourth quarter. Raymond James & Associates now owns 2,332,268 shares of the company’s stock worth $291,463,000 after acquiring an additional 34,564 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 18.6% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,478,260 shares of the company’s stock valued at $170,015,000 after acquiring an additional 231,382 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of SPDR S&P Dividend ETF by 10,945.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after purchasing an additional 1,124,197 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in SPDR S&P Dividend ETF by 2.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,112,783 shares of the company’s stock worth $127,981,000 after purchasing an additional 26,304 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.8 %

Shares of NYSEARCA SDY traded up $1.07 during midday trading on Thursday, reaching $130.97. The company had a trading volume of 390,952 shares, compared to its average volume of 366,443. The stock has a market cap of $20.72 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 $109.87 and a 1 year high of $131.67. The business’s 50-day simple moving average is $128.13 and its 200 day simple moving average is $123.60.

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.