SPDR S&P Dividend ETF (NYSEARCA:SDY) Stake Lifted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,139 shares of the company’s stock after acquiring an additional 510 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR S&P Dividend ETF were worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have 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 4th quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $31,000. Noble Wealth Management PBC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $32,000. Rialto Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $34,000. Finally, Assetmark Inc. grew its stake 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 purchasing an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $135.53 on Wednesday. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 20.91 and a beta of 0.87. The business has a fifty day moving average of $134.62 and a 200-day moving average of $137.64.

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.