Kiker Wealth Management LLC Purchases Shares of 705 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kiker Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 705 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Avion Wealth boosted its stake in shares of SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $31,000. Noble Wealth Management PBC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $32,000. Rialto Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $135.09 on Friday. The firm has a 50 day simple moving average of $134.81 and a 200-day simple moving average of $137.61. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The stock has a market cap of $20.10 billion, a price-to-earnings ratio of 20.91 and a beta of 0.87.

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.