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

Veridan Wealth LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,918 shares of the company’s stock, valued at approximately $391,000.

A number of other hedge funds have also modified their holdings of the company. Linscomb Wealth Inc. raised its position in shares of SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Linscomb Wealth Inc. now owns 297,665 shares of the company’s stock valued at $39,321,000 after acquiring an additional 2,408 shares during the period. Oppenheimer & Co. Inc. raised its holdings in SPDR S&P Dividend ETF by 14.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 54,264 shares of the company’s stock worth $7,168,000 after buying an additional 6,802 shares during the period. Kovack Advisors Inc. raised its holdings in SPDR S&P Dividend ETF by 5.0% during the 4th quarter. Kovack Advisors Inc. now owns 7,586 shares of the company’s stock worth $1,002,000 after buying an additional 361 shares during the period. Schnieders Capital Management LLC raised its holdings in SPDR S&P Dividend ETF by 3.8% during the 4th quarter. Schnieders Capital Management LLC now owns 3,006 shares of the company’s stock worth $397,000 after buying an additional 110 shares during the period. Finally, Apriem Advisors acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $260,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $136.47 on Friday. The company has a market capitalization of $20.42 billion, a P/E ratio of 21.48 and a beta of 0.88. The company’s 50 day moving average price is $133.60 and its two-hundred day moving average price is $137.67. SPDR S&P Dividend ETF has a 52 week low of $124.37 and a 52 week high of $144.45.

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.