Raymond James Financial Inc. Invests $397.66 Million in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Raymond James Financial Inc. acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,010,271 shares of the company’s stock, valued at approximately $397,657,000. Raymond James Financial Inc. owned approximately 1.90% of SPDR S&P Dividend ETF as of its most recent filing with the SEC.

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

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $136.54 on Thursday. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The company has a market capitalization of $20.43 billion, a P/E ratio of 21.48 and a beta of 0.88. The stock has a 50-day simple moving average of $133.93 and a 200-day simple moving average of $137.78.

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.