Avidian Wealth Solutions LLC purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 1,538 shares of the company’s stock, valued at approximately $202,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $27,000. Friedenthal Financial bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $29,000. Scarborough Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $30,000. Farmers & Merchants Investments Inc. bought a new stake in SPDR S&P Dividend ETF in the 1st quarter worth approximately $33,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $36,000.
SPDR S&P Dividend ETF Trading Up 1.0 %
Shares of NYSEARCA:SDY traded up $1.23 during trading on Wednesday, reaching $127.46. The company’s stock had a trading volume of 238,578 shares, compared to its average volume of 329,382. The stock has a market capitalization of $20.16 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $132.49. The firm’s 50 day simple moving average is $128.96 and its two-hundred day simple moving average is $127.04.
SPDR S&P Dividend ETF Company 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.
Further Reading
- Five stocks we like better than SPDR S&P Dividend ETF
- How to invest in blue chip stocks
- This Stock’s Price Shifts Into High Gear With Analyst Upgrades
- How to Calculate Retirement Income: MarketBeat’s Calculator
- AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- AI Partnership Boosts This Top Tech Stock: Ready for More Gains?
Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report).
Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.
