Elevation Point Wealth Partners LLC Makes New Investment in SPDR S&P Dividend ETF $SDY

Elevation Point Wealth Partners LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 28,143 shares of the company’s stock, valued at approximately $3,941,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC grew its stake in SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. KFA Private Wealth Group LLC grew its holdings in SPDR S&P Dividend ETF by 4.0% in the third quarter. KFA Private Wealth Group LLC now owns 2,016 shares of the company’s stock worth $282,000 after purchasing an additional 78 shares during the last quarter. Stablepoint Partners LLC boosted its stake in SPDR S&P Dividend ETF by 0.5% in the 3rd quarter. Stablepoint Partners LLC now owns 16,249 shares of the company’s stock worth $2,276,000 after purchasing an additional 80 shares in the last quarter. Peak Asset Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the second quarter. Peak Asset Management LLC now owns 14,962 shares of the company’s stock valued at $2,031,000 after purchasing an additional 86 shares during the period. Finally, Verdence Capital Advisors LLC lifted its position in SPDR S&P Dividend ETF by 0.9% during the third quarter. Verdence Capital Advisors LLC now owns 9,301 shares of the company’s stock valued at $1,305,000 after purchasing an additional 86 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $148.56 on Friday. The company has a market cap of $21.07 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The stock has a 50 day simple moving average of $150.03 and a 200-day simple moving average of $143.12. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $156.39.

About SPDR S&P Dividend ETF

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.