SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 23.6% in the fourth quarter, Holdings Channel reports. The fund owned 1,451 shares of the company’s stock after purchasing an additional 277 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in SPDR S&P Dividend ETF were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SDY. Smart Money Group LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Smart Money Group LLC now owns 12,547 shares of the company’s stock worth $1,658,000 after purchasing an additional 86 shares during the period. Kaydan Wealth Management Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 2.0% in the 4th quarter. Kaydan Wealth Management Inc. now owns 5,055 shares of the company’s stock worth $668,000 after acquiring an additional 98 shares during the period. Delta Capital Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $350,000. Liberty One Investment Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 1.8% in the fourth quarter. Liberty One Investment Management LLC now owns 18,249 shares of the company’s stock valued at $2,411,000 after acquiring an additional 330 shares in the last quarter. Finally, Meridian Financial LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.2% during the fourth quarter. Meridian Financial LLC now owns 23,997 shares of the company’s stock worth $3,170,000 after acquiring an additional 291 shares during the period.

SPDR S&P Dividend ETF Stock Down 1.2 %

Shares of NYSEARCA:SDY opened at $133.37 on Thursday. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The company has a 50-day moving average price of $136.48 and a 200 day moving average price of $137.19. The company has a market cap of $21.10 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.