Garrison Point Advisors LLC Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Garrison Point Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,545 shares of the company’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chevy Chase Trust Holdings LLC purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter worth about $207,000. Stifel Financial Corp grew its stake in SPDR S&P Dividend ETF by 4.6% during the third quarter. Stifel Financial Corp now owns 217,159 shares of the company’s stock valued at $30,846,000 after acquiring an additional 9,594 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in SPDR S&P Dividend ETF by 281.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 20,920 shares of the company’s stock valued at $2,797,000 after buying an additional 15,432 shares in the last quarter. Drucker Wealth 3.0 LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the third quarter. Drucker Wealth 3.0 LLC now owns 19,041 shares of the company’s stock valued at $2,705,000 after purchasing an additional 142 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of SPDR S&P Dividend ETF by 2.0% in the 3rd quarter. M&T Bank Corp now owns 55,010 shares of the company’s stock worth $7,814,000 after buying an additional 1,068 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 5.1 %

SDY stock opened at $125.88 on Friday. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45. The firm’s fifty day simple moving average is $135.08 and its two-hundred day simple moving average is $137.17. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 20.96 and a beta of 0.80.

SPDR S&P Dividend ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.8184 dividend. The ex-dividend date was 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.