Golden State Wealth Management LLC Invests $1.01 Million in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Golden State Wealth Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,627 shares of the company’s stock, valued at approximately $1,008,000.

Other large investors have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1.2% during the third quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock worth $349,702,000 after purchasing an additional 30,381 shares during the period. International Assets Investment Management LLC raised its stake in SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after acquiring an additional 1,165,660 shares during the period. JPMorgan Chase & Co. lifted its holdings in SPDR S&P Dividend ETF by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Destination Wealth Management grew its holdings in shares of SPDR S&P Dividend ETF by 0.3% during the third quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after purchasing an additional 2,366 shares during the last quarter. Finally, Elk River Wealth Management LLC raised its position in shares of SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock worth $54,690,000 after purchasing an additional 8,194 shares during the period.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $133.60 on Friday. The firm has a market capitalization of $21.14 billion, a P/E ratio of 19.72 and a beta of 0.68. The business has a 50 day simple moving average of $134.94 and a 200 day simple moving average of $137.47. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month high of $144.45.

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.