Palouse Capital Management Inc. Takes $1.03 Million Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Palouse Capital Management Inc. purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,228 shares of the company’s stock, valued at approximately $1,028,000.

A number of other large investors also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 103,758.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 355,848,925 shares of the company’s stock worth $44,520,259,000 after purchasing an additional 355,506,297 shares during the period. Morgan Stanley raised its holdings in shares of SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Morgan Stanley now owns 5,810,934 shares of the company’s stock valued at $727,006,000 after acquiring an additional 105,707 shares during the last quarter. Royal Bank of Canada raised its holdings 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 valued at $304,180,000 after acquiring an additional 10,757 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1.5% during the third quarter. Joel Isaacson & Co. LLC now owns 2,370,763 shares of the company’s stock valued at $272,661,000 after acquiring an additional 35,608 shares during the last quarter. Finally, Raymond James & Associates raised its holdings 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 valued at $291,463,000 after acquiring an additional 34,564 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.9 %

Shares of SPDR S&P Dividend ETF stock traded up $1.14 during mid-day trading on Friday, reaching $126.79. 219,807 shares of the stock traded hands, compared to its average volume of 390,683. The business has a 50-day moving average of $127.13 and a 200 day moving average of $122.21. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $131.67. The stock has a market capitalization of $20.17 billion, a PE ratio of 19.41 and a beta of 0.73.

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.