Pines Wealth Management LLC Acquires Shares of 15,639 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pines Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,639 shares of the company’s stock, valued at approximately $2,013,000. SPDR S&P Dividend ETF comprises approximately 0.9% of Pines Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding.

Other large investors have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 3.9% in the second quarter. Prime Capital Investment Advisors LLC now owns 30,814 shares of the company’s stock valued at $3,919,000 after purchasing an additional 1,162 shares during the period. One Capital Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 230.0% in the 2nd quarter. One Capital Management LLC now owns 15,696 shares of the company’s stock worth $1,996,000 after buying an additional 10,940 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of SPDR S&P Dividend ETF by 269.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 13,859 shares of the company’s stock worth $1,763,000 after buying an additional 10,107 shares in the last quarter. Capstone Wealth Management Group LLC increased its stake in shares of SPDR S&P Dividend ETF by 4.1% during the second quarter. Capstone Wealth Management Group LLC now owns 36,568 shares of the company’s stock valued at $4,651,000 after buying an additional 1,425 shares during the period. Finally, Perennial Investment Advisors LLC raised its holdings in shares of SPDR S&P Dividend ETF by 2.0% in the second quarter. Perennial Investment Advisors LLC now owns 33,293 shares of the company’s stock valued at $4,234,000 after acquiring an additional 667 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $131.09 on Wednesday. The company has a market cap of $20.74 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45. The firm’s 50 day moving average price is $137.25 and its 200-day moving average price is $136.94.

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.