SPDR S&P Dividend ETF $SDY is Destination Wealth Management’s 5th Largest Position

Destination Wealth Management trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 653,748 shares of the company’s stock after selling 44,451 shares during the period. SPDR S&P Dividend ETF makes up approximately 2.4% of Destination Wealth Management’s portfolio, making the stock its 5th largest holding. Destination Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $90,976,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Morgan Stanley lifted its holdings in shares of SPDR S&P Dividend ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock valued at $673,631,000 after purchasing an additional 95,878 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock valued at $288,980,000 after acquiring an additional 39,572 shares in the last quarter. Finally, UBS Group AG increased its position in shares of SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after acquiring an additional 165,053 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.8%

Shares of SDY opened at $152.66 on Friday. The company has a market capitalization of $22.34 billion, a P/E ratio of 19.85 and a beta of 0.69. The firm has a 50 day moving average of $148.47 and a 200 day moving average of $147.02. SPDR S&P Dividend ETF has a twelve month low of $132.89 and a twelve month high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.