30,444 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Purchased by Novem Group

Novem Group acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,444 shares of the company’s stock, valued at approximately $4,022,000.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $397,657,000. Assetmark Inc. lifted its position in SPDR S&P Dividend ETF by 267,004.3% during the fourth quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock valued at $89,623,000 after buying an additional 678,191 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Dividend ETF by 63.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock valued at $223,073,000 after buying an additional 652,619 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of SPDR S&P Dividend ETF by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock worth $277,875,000 after buying an additional 335,483 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth about $28,938,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $136.63 on Wednesday. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45. The firm has a 50-day moving average of $131.65 and a 200 day moving average of $134.69. The stock has a market cap of $20.21 billion, a P/E ratio of 20.65 and a beta of 0.81.

SPDR S&P Dividend ETF 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.