Argent Capital Management LLC Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Argent Capital Management LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 110,852 shares of the company’s stock, valued at approximately $14,644,000. Argent Capital Management LLC owned approximately 0.07% of SPDR S&P Dividend ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in SDY. International Assets Investment Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 13,497.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after acquiring an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at $10,044,000. Synovus Financial Corp grew its stake in SPDR S&P Dividend ETF by 88.6% in the 3rd quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock valued at $12,723,000 after buying an additional 42,078 shares during the last quarter. Finally, Nwam LLC acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter worth $5,274,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $131.84 on Thursday. The company has a 50-day moving average of $137.25 and a 200-day moving average of $136.94. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45.

About SPDR S&P Dividend ETF

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.