Charter Oak Capital Management LLC Makes New $206,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Charter Oak Capital Management LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,516 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently added to or reduced their stakes in SDY. Raymond James Financial Inc. purchased a new position in SPDR S&P Dividend ETF during the 4th quarter worth approximately $397,657,000. Assetmark Inc. grew its position in SPDR S&P Dividend ETF by 267,004.3% during the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after purchasing an additional 678,191 shares in the last quarter. JPMorgan Chase & Co. grew its position in SPDR S&P Dividend ETF by 63.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock worth $223,073,000 after purchasing an additional 652,619 shares in the last quarter. Wells Fargo & Company MN grew its position in SPDR S&P Dividend ETF by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock worth $277,875,000 after purchasing an additional 335,483 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in SPDR S&P Dividend ETF by 13,468.0% during the 1st quarter. GAMMA Investing LLC now owns 315,592 shares of the company’s stock worth $42,820,000 after purchasing an additional 313,266 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $135.23 on Monday. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80. The firm’s 50 day moving average price is $131.45 and its two-hundred day moving average price is $134.10.

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.