Novus Advisors LLC Makes New $438,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Novus Advisors LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,316 shares of the company’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avion Wealth grew its stake in SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after buying an additional 125 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth about $31,000. Kestra Investment Management LLC acquired a new position in SPDR S&P Dividend ETF during the 4th quarter worth approximately $31,000. JNBA Financial Advisors purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at $32,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $136.45 on Friday. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The firm has a 50-day moving average of $133.98 and a two-hundred day moving average of $137.77. The stock has a market cap of $20.41 billion, a P/E 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.