Palouse Capital Management Inc. Purchases New Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Palouse Capital Management Inc. purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,228 shares of the company’s stock, valued at approximately $1,028,000.

Several other large investors have also recently added to or reduced their stakes in SDY. United Bank boosted its position in SPDR S&P Dividend ETF by 3.8% in the 1st quarter. United Bank now owns 31,716 shares of the company’s stock valued at $4,063,000 after buying an additional 1,169 shares during the last quarter. Citigroup Inc. boosted its position in SPDR S&P Dividend ETF by 15.3% in the 1st quarter. Citigroup Inc. now owns 27,959 shares of the company’s stock valued at $3,582,000 after buying an additional 3,702 shares during the last quarter. Blair William & Co. IL boosted its position in SPDR S&P Dividend ETF by 3.4% in the 1st quarter. Blair William & Co. IL now owns 73,269 shares of the company’s stock valued at $9,386,000 after buying an additional 2,390 shares during the last quarter. Baird Financial Group Inc. boosted its position in SPDR S&P Dividend ETF by 2.3% in the 1st quarter. Baird Financial Group Inc. now owns 178,415 shares of the company’s stock valued at $22,857,000 after buying an additional 3,996 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in SPDR S&P Dividend ETF by 51.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,183 shares of the company’s stock valued at $152,000 after buying an additional 403 shares during the last quarter.

SPDR S&P Dividend ETF Trading Up 0.9 %

NYSEARCA:SDY traded up $1.14 on Friday, reaching $126.79. The stock had a trading volume of 219,807 shares, compared to its average volume of 390,683. The company has a 50-day moving average of $127.13 and a 200 day moving average of $122.21. The stock has a market cap of $20.17 billion, a P/E ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $131.67.

SPDR S&P Dividend ETF Company 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.