Pure Financial Advisors LLC Has $484,000 Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pure Financial Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 46.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,666 shares of the company’s stock after purchasing an additional 1,157 shares during the period. Pure Financial Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after buying an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Argent Capital Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $14,644,000. Sanctuary Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the second quarter valued at about $10,044,000. Finally, Synovus Financial Corp lifted its position in 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 worth $12,723,000 after purchasing an additional 42,078 shares during the period.

SPDR S&P Dividend ETF Stock Up 0.9 %

SDY stock opened at $134.93 on Wednesday. The company’s 50-day moving average price is $136.60 and its two-hundred day moving average price is $137.13. The firm has a market cap of $21.35 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45.

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.