Raymond James Financial Inc. Acquires Shares of 3,010,271 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Raymond James Financial Inc. bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, HoldingsChannel reports. The firm bought 3,010,271 shares of the company’s stock, valued at approximately $397,657,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Avion Wealth grew its holdings in SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth $31,000. Kestra Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $32,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $136.54 on Thursday. The business’s 50-day moving average is $133.93 and its two-hundred day moving average is $137.78. SPDR S&P Dividend ETF has a 12 month low of $124.37 and a 12 month high of $144.45. The firm has a market capitalization of $20.43 billion, a PE ratio of 21.48 and a beta of 0.88.

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.