Element Wealth LLC Buys 269 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Element Wealth LLC increased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,907 shares of the company’s stock after acquiring an additional 269 shares during the quarter. Element Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SDY. Roble Belko & Company Inc boosted its holdings in SPDR S&P Dividend ETF by 2.5% in the fourth quarter. Roble Belko & Company Inc now owns 139,393 shares of the company’s stock valued at $17,420,000 after acquiring an additional 3,426 shares during the last quarter. PDS Planning Inc grew its holdings in SPDR S&P Dividend ETF by 0.6% in the 4th quarter. PDS Planning Inc now owns 16,889 shares of the company’s stock worth $2,111,000 after buying an additional 97 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in SPDR S&P Dividend ETF by 162.8% in the 4th quarter. RWA Wealth Partners LLC now owns 7,976 shares of the company’s stock worth $997,000 after buying an additional 4,941 shares in the last quarter. Greenwich Wealth Management LLC grew its holdings in SPDR S&P Dividend ETF by 19.1% in the 4th quarter. Greenwich Wealth Management LLC now owns 2,259 shares of the company’s stock worth $282,000 after buying an additional 362 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its stake in SPDR S&P Dividend ETF by 13.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 4,713 shares of the company’s stock valued at $589,000 after purchasing an additional 563 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY traded up $0.34 during midday trading on Tuesday, hitting $128.06. The company’s stock had a trading volume of 188,236 shares, compared to its average volume of 385,805. The stock’s 50 day simple moving average is $127.20 and its 200 day simple moving average is $122.45. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $131.67. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73.

SPDR S&P Dividend ETF 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.