17,618 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Bought by SVB Wealth LLC

SVB Wealth LLC purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, HoldingsChannel reports. The fund purchased 17,618 shares of the company’s stock, valued at approximately $2,327,000.

Several other large investors have also made changes to their positions in SDY. Flputnam Investment Management Co. grew its position in shares of SPDR S&P Dividend ETF by 12.7% during the fourth quarter. Flputnam Investment Management Co. now owns 15,620 shares of the company’s stock worth $2,063,000 after purchasing an additional 1,763 shares in the last quarter. Veridan Wealth LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth approximately $391,000. Linscomb Wealth Inc. grew its holdings in SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Linscomb Wealth Inc. now owns 297,665 shares of the company’s stock valued at $39,321,000 after buying an additional 2,408 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of SPDR S&P Dividend ETF by 14.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 54,264 shares of the company’s stock valued at $7,168,000 after buying an additional 6,802 shares during the last quarter. Finally, Kovack Advisors Inc. raised its position in shares of SPDR S&P Dividend ETF by 5.0% during the fourth quarter. Kovack Advisors Inc. now owns 7,586 shares of the company’s stock valued at $1,002,000 after buying an additional 361 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $138.29 on Friday. The firm has a market cap of $20.69 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88. The firm has a fifty day moving average price of $133.71 and a 200 day moving average price of $137.74. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45.

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.