Modern Wealth Management LLC Purchases Shares of 1,669 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Modern Wealth Management LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,669 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Wealth Management LLC DE grew its position in SPDR S&P Dividend ETF by 4.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 30,964 shares of the company’s stock valued at $4,090,000 after acquiring an additional 1,440 shares during the period. LPL Financial LLC grew its holdings in shares of SPDR S&P Dividend ETF by 2.1% during the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock worth $378,030,000 after purchasing an additional 59,001 shares during the period. Intellus Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $739,000. Lee Danner & Bass Inc. purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $125,000. Finally, Kiker Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $93,000.

SPDR S&P Dividend ETF Stock Down 0.6 %

SDY opened at $134.29 on Friday. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45. The company has a 50 day moving average of $135.17 and a two-hundred day moving average of $137.42. The company 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 Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.8184 per share. The ex-dividend date 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.