Morgan Stanley lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,861,088 shares of the company’s stock after purchasing an additional 111,262 shares during the period. Morgan Stanley owned about 3.05% of SPDR S&P Dividend ETF worth $573,754,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of SPDR S&P Dividend ETF by 1.1% in the 4th quarter. Northern Trust Corp now owns 104,098 shares of the company’s stock valued at $11,027,000 after buying an additional 1,123 shares during the period. Vontobel Holding Ltd. purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth approximately $53,000. Eaton Vance Management grew its holdings in SPDR S&P Dividend ETF by 2.9% during the 4th quarter. Eaton Vance Management now owns 3,519 shares of the company’s stock worth $373,000 after acquiring an additional 100 shares in the last quarter. Tompkins Financial Corp grew its holdings in SPDR S&P Dividend ETF by 62.1% during the 4th quarter. Tompkins Financial Corp now owns 739 shares of the company’s stock worth $78,000 after acquiring an additional 283 shares in the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $55,000.
Shares of SDY stock opened at $122.21 on Thursday. The stock’s fifty day moving average price is $124.01. SPDR S&P Dividend ETF has a 12 month low of $89.02 and a 12 month high of $128.90.
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.
Further Reading: Stocks Increasing Dividends
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