Pinnacle Financial Partners Inc Has $1.39 Million Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pinnacle Financial Partners Inc trimmed its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,269 shares of the company’s stock after selling 285 shares during the period. Pinnacle Financial Partners Inc’s holdings in SPDR S&P Dividend ETF were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SDY. Raymond James Financial Inc. acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $397,657,000. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P Dividend ETF by 63.0% in 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 increased its holdings in SPDR S&P Dividend ETF by 19.0% in the fourth 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 last quarter. GAMMA Investing LLC increased its holdings in SPDR S&P Dividend ETF by 13,468.0% in the first quarter. GAMMA Investing LLC now owns 315,592 shares of the company’s stock worth $42,820,000 after buying an additional 313,266 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $28,938,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.2%

NYSEARCA SDY opened at $138.79 on Friday. The stock has a market capitalization of $20.37 billion, a PE ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The company has a 50 day moving average price of $134.24 and a two-hundred day moving average price of $133.44.

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.