Nalls Sherbakoff Group LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, HoldingsChannel reports. The firm acquired 4,387 shares of the company’s stock, valued at approximately $393,000.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of SPDR S&P Dividend ETF by 37.3% during the 4th quarter. Bank of America Corp DE now owns 7,845,033 shares of the company’s stock worth $702,287,000 after acquiring an additional 2,131,995 shares during the last quarter. Raymond James & Associates increased its holdings in shares of SPDR S&P Dividend ETF by 6.0% during the 4th quarter. Raymond James & Associates now owns 4,063,579 shares of the company’s stock worth $363,772,000 after acquiring an additional 231,015 shares during the last quarter. Morgan Stanley increased its holdings in shares of SPDR S&P Dividend ETF by 2.7% during the 3rd quarter. Morgan Stanley now owns 3,853,595 shares of the company’s stock worth $377,382,000 after acquiring an additional 101,324 shares during the last quarter. Joel Isaacson & Co. LLC increased its holdings in shares of SPDR S&P Dividend ETF by 2.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 1,848,276 shares of the company’s stock worth $170,115,000 after acquiring an additional 41,864 shares during the last quarter. Finally, Suntrust Banks Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 27.5% during the 4th quarter. Suntrust Banks Inc. now owns 1,803,562 shares of the company’s stock worth $161,455,000 after acquiring an additional 389,347 shares during the last quarter.

Shares of SDY stock traded up $0.22 during trading on Monday, reaching $97.49. 15,400 shares of the company’s stock were exchanged, compared to its average volume of 862,229. SPDR S&P Dividend ETF has a twelve month low of $84.28 and a twelve month high of $100.09.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were issued a dividend of $0.5309 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, March 15th.

ILLEGAL ACTIVITY NOTICE: “Nalls Sherbakoff Group LLC Takes Position in SPDR S&P Dividend ETF (SDY)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2019/03/25/nalls-sherbakoff-group-llc-takes-position-in-spdr-sp-dividend-etf-sdy.html.

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.

Featured Story: What are municipal bonds?

Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY).

Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.