Hilton Capital Management LLC Invests $580,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Hilton Capital Management LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,390 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. May Barnhard Investments LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at approximately $1,340,000. Whitegate Investment Counselors Inc. increased its position in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Whitegate Investment Counselors Inc. now owns 57,553 shares of the company’s stock valued at $7,603,000 after acquiring an additional 388 shares during the period. Madison Investment Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at approximately $2,086,000. Commonwealth Equity Services LLC increased its position in SPDR S&P Dividend ETF by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,103,945 shares of the company’s stock valued at $145,831,000 after acquiring an additional 30,488 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in SPDR S&P Dividend ETF by 1.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 110,102 shares of the company’s stock valued at $14,544,000 after acquiring an additional 1,335 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $134.62 on Friday. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The stock has a market cap of $20.14 billion, a PE ratio of 21.48 and a beta of 0.88. The business’s fifty day moving average is $134.42 and its 200-day moving average is $137.70.

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.