VSM Wealth Advisory LLC Purchases New Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

VSM Wealth Advisory LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 495 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ritholtz Wealth Management boosted its position in SPDR S&P Dividend ETF by 9.7% during the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after purchasing an additional 505 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $67,000. Franklin Resources Inc. lifted its position in shares of SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after buying an additional 1,222 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $3,488,000. Finally, Citigroup Inc. increased its holdings in SPDR S&P Dividend ETF by 16.0% in the 3rd quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after acquiring an additional 3,551 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $135.82 on Thursday. The stock has a market capitalization of $20.21 billion, a PE ratio of 20.91 and a beta of 0.87. 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 fifty day moving average of $134.72 and a two-hundred day moving average of $137.63.

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.