Independent Advisor Alliance Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Independent Advisor Alliance acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 177,406 shares of the company’s stock, valued at approximately $23,435,000.

Several other institutional investors have also modified their holdings of the stock. Avion Wealth raised its holdings in shares of SPDR S&P Dividend ETF by 164.5% in 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 approximately $31,000. Kestra Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $31,000. Noble Wealth Management PBC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $32,000. Finally, Assetmark Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after buying an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $138.67 on Monday. The business’s 50 day moving average price is $134.10 and its 200-day moving average price is $137.80. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88.

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.