Berkshire Money Management Inc. Takes $339,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Berkshire Money Management Inc. purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,570 shares of the company’s stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake 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 worth $166,797,000 after acquiring an additional 1,165,660 shares during the period. JPMorgan Chase & Co. raised its holdings in SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Argent Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at about $14,644,000. Synovus Financial Corp boosted its holdings 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 purchasing an additional 42,078 shares in the last quarter. Finally, Nwam LLC acquired a new position in SPDR S&P Dividend ETF during the 3rd quarter worth approximately $5,274,000.

SPDR S&P Dividend ETF Trading Down 0.3 %

Shares of SDY stock opened at $133.67 on Wednesday. The stock has a 50 day simple moving average of $135.33 and a 200-day simple moving average of $137.48. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month 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.