Steward Partners Investment Advisory LLC Increases Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Steward Partners Investment Advisory LLC grew its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,372 shares of the company’s stock after buying an additional 9,410 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.10% of SPDR S&P Dividend ETF worth $21,581,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Joel Isaacson & Co. LLC raised its position in shares of SPDR S&P Dividend ETF by 2.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after buying an additional 54,648 shares in the last quarter. JPMorgan Chase & Co. raised its position in SPDR S&P Dividend ETF by 13.5% in the 3rd 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 during the period. Destination Wealth Management raised its position in SPDR S&P Dividend ETF by 0.3% in the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock worth $99,488,000 after purchasing an additional 2,366 shares during the period. Elk River Wealth Management LLC raised its position in SPDR S&P Dividend ETF by 2.6% in the 4th quarter. Elk River Wealth Management LLC now owns 395,119 shares of the company’s stock worth $52,196,000 after purchasing an additional 10,095 shares during the period. Finally, Legacy Financial Group LLC raised its position in SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock worth $49,850,000 after purchasing an additional 3,088 shares during the period.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $138.36 on Tuesday. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The firm has a market capitalization of $20.70 billion, a P/E ratio of 21.48 and a beta of 0.88. The company’s 50-day moving average is $133.82 and its 200 day moving average is $137.79.

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.