PKS Advisory Services LLC Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

PKS Advisory Services LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, Holdings Channel reports. The fund bought 19,594 shares of the company’s stock, valued at approximately $2,588,000.

A number of other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC boosted its stake in SPDR S&P Dividend ETF by 1.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock valued at $914,000 after acquiring an additional 76 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of SPDR S&P Dividend ETF by 4.9% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock worth $214,000 after purchasing an additional 76 shares during the last quarter. Good Life Advisors LLC grew its stake in SPDR S&P Dividend ETF by 1.4% in the fourth quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock worth $748,000 after purchasing an additional 79 shares in the last quarter. Rebalance LLC grew its stake in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Rebalance LLC now owns 10,955 shares of the company’s stock worth $1,447,000 after purchasing an additional 85 shares in the last quarter. Finally, Smart Money Group LLC raised its stake in 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 valued at $1,658,000 after buying an additional 86 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 0.1 %

NYSEARCA:SDY opened at $134.38 on Tuesday. The company has a market cap of $20.00 billion, a PE ratio of 20.91 and a beta of 0.87. The business’s 50 day moving average is $135.01 and its two-hundred day moving average is $137.52. SPDR S&P Dividend ETF has a 52 week low of $124.37 and a 52 week high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be paid a dividend of $0.8184 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.