Stonebridge Financial Group LLC Invests $385,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Stonebridge Financial Group LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,915 shares of the company’s stock, valued at approximately $385,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coston McIsaac & Partners raised its stake in shares of SPDR S&P Dividend ETF by 0.5% in the 3rd quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock valued at $2,058,000 after acquiring an additional 72 shares during the period. Marshall Financial Group LLC raised its position in SPDR S&P Dividend ETF by 3.7% in the third quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after purchasing an additional 73 shares during the period. Roger Wittlin Investment Advisory LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.6% during the third quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock worth $1,861,000 after purchasing an additional 73 shares in the last quarter. M3 Advisory Group LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.1% in the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after buying an additional 76 shares during the period. Finally, N.E.W. Advisory Services LLC grew its stake in shares of SPDR S&P Dividend ETF by 1.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock valued at $914,000 after buying an additional 76 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $134.44 on Wednesday. The company has a market cap of $21.27 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45. The business’s 50-day simple moving average is $134.32 and its 200 day simple moving average is $137.54.

SPDR S&P Dividend ETF 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.