Palouse Capital Management Inc. Acquires Shares of 6,565 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Palouse Capital Management Inc. acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,565 shares of the company’s stock, valued at approximately $867,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $285,000. Allworth Financial LP increased its holdings in shares of SPDR S&P Dividend ETF by 18.0% during the fourth quarter. Allworth Financial LP now owns 26,590 shares of the company’s stock valued at $3,546,000 after acquiring an additional 4,060 shares in the last quarter. Beacon Capital Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 6.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,951 shares of the company’s stock valued at $258,000 after acquiring an additional 112 shares in the last quarter. TigerOak Management L.L.C. bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $16,186,000. Finally, Aveo Capital Partners LLC increased its holdings in shares of SPDR S&P Dividend ETF by 1,594.9% during the fourth quarter. Aveo Capital Partners LLC now owns 34,728 shares of the company’s stock valued at $4,588,000 after acquiring an additional 32,679 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $134.26 on Friday. SPDR S&P Dividend ETF has a 1-year low of $123.32 and a 1-year high of $144.45. The business has a fifty day moving average price of $133.77 and a 200-day moving average price of $137.49. The company has a market capitalization of $21.24 billion, a PE ratio of 19.72 and a beta of 0.68.

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.