RMR Wealth Builders Boosts Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

RMR Wealth Builders boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 162.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,862 shares of the company’s stock after acquiring an additional 4,243 shares during the period. RMR Wealth Builders’ holdings in SPDR S&P Dividend ETF were worth $907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SDY. ST Germain D J Co. Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $38,000. Fulton Bank N.A. increased its holdings in shares of SPDR S&P Dividend ETF by 82.3% during the 4th quarter. Fulton Bank N.A. now owns 3,919 shares of the company’s stock worth $542,000 after buying an additional 1,769 shares during the last quarter. Weaver Consulting Group raised its position in shares of SPDR S&P Dividend ETF by 1.6% during the 4th quarter. Weaver Consulting Group now owns 8,283 shares of the company’s stock valued at $1,094,000 after buying an additional 134 shares during the period. Regent Peak Wealth Advisors LLC lifted its holdings in SPDR S&P Dividend ETF by 19.0% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 105,005 shares of the company’s stock valued at $13,871,000 after acquiring an additional 16,754 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its position in SPDR S&P Dividend ETF by 5.0% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 28,857 shares of the company’s stock worth $3,812,000 after acquiring an additional 1,363 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY traded down $2.10 during mid-day trading on Friday, reaching $128.74. 1,443,090 shares of the company’s stock were exchanged, compared to its average volume of 510,665. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45. The company’s 50-day moving average is $137.77 and its 200-day moving average is $136.77. The firm has a market capitalization of $20.37 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.