SPDR S&P Dividend (SDY) Stake Increased by ProVise Management Group LLC
ProVise Management Group LLC grew its stake in shares of SPDR S&P Dividend (NYSEARCA:SDY) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,310 shares of the company’s stock after acquiring an additional 1,110 shares during the period. SPDR S&P Dividend comprises approximately 2.2% of ProVise Management Group LLC’s investment portfolio, making the stock its 3rd biggest holding. ProVise Management Group LLC’s holdings in SPDR S&P Dividend were worth $15,524,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SDY. Bessemer Group Inc. raised its stake in shares of SPDR S&P Dividend by 42.8% during the fourth quarter. Bessemer Group Inc. now owns 316,214 shares of the company’s stock valued at $29,876,000 after acquiring an additional 94,720 shares in the last quarter. Capital Investment Advisors LLC raised its stake in SPDR S&P Dividend by 5.7% in the fourth quarter. Capital Investment Advisors LLC now owns 1,044,232 shares of the company’s stock worth $98,259,000 after buying an additional 56,420 shares in the last quarter. Mycio Wealth Partners LLC raised its stake in SPDR S&P Dividend by 15.7% in the fourth quarter. Mycio Wealth Partners LLC now owns 400,022 shares of the company’s stock worth $37,794,000 after buying an additional 54,390 shares in the last quarter. Aries Wealth Management bought a new position in SPDR S&P Dividend in the fourth quarter worth approximately $2,969,000. Finally, Carmichael Hill & Associates Inc. bought a new position in SPDR S&P Dividend in the fourth quarter worth approximately $2,888,000.
SPDR S&P Dividend (NYSEARCA:SDY) opened at $91.18 on Tuesday. The company has a market cap of $15,620.00 and a P/E ratio of 28.58. SPDR S&P Dividend has a 12 month low of $86.38 and a 12 month high of $98.29.
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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.
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