SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,477 shares of the company’s stock after purchasing an additional 954 shares during the quarter. IFP Advisors Inc’s holdings in SPDR S&P Dividend ETF were worth $1,648,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SDY. Avion Wealth boosted its holdings in SPDR S&P Dividend ETF by 164.5% in the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $31,000. JNBA Financial Advisors acquired a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $31,000. Finally, Assetmark Inc. grew its holdings in SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $136.76 on Thursday. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The stock has a fifty day moving average price of $133.52 and a two-hundred day moving average price of $137.68. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88.

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.