American Money Management LLC Increases Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

American Money Management LLC raised its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 42,481 shares of the company’s stock after purchasing an additional 1,011 shares during the period. American Money Management LLC’s holdings in SPDR S&P Dividend ETF were worth $5,612,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth boosted its stake in shares of 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. Kestra Investment Management LLC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at about $31,000. Noble Wealth Management PBC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at about $32,000. Rialto Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $38,000.

SPDR S&P Dividend ETF Stock Down 0.6 %

NYSEARCA:SDY opened at $134.29 on Friday. The firm’s fifty day simple moving average is $135.17 and its 200 day simple moving average is $137.41. The stock has a market cap of $19.98 billion, a P/E ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45.

SPDR S&P Dividend ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a $0.8184 dividend. The ex-dividend date of this dividend was Monday, March 24th.

SPDR S&P Dividend ETF Company 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.