Apriem Advisors acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,965 shares of the company’s stock, valued at approximately $260,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Avion Wealth increased its holdings in 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 during the period. Capital Performance Advisors LLP bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth $32,000. Kestra Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $31,000. Finally, Assetmark Inc. boosted its stake in SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period.
SPDR S&P Dividend ETF Stock Down 0.2 %
Shares of NYSEARCA SDY opened at $136.47 on Friday. The stock’s 50-day simple moving average is $133.60 and its two-hundred day simple moving average is $137.67. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45. The firm has a market capitalization of $20.42 billion, a P/E ratio of 21.48 and a beta of 0.88.
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.
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