Charles Schwab Investment Management Inc. acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 5,484 shares of the company’s stock, valued at approximately $724,000.
Several other institutional investors have also recently modified their holdings of the company. Avion Wealth boosted its stake in SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $31,000. Noble Wealth Management PBC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $32,000. ST Germain D J Co. Inc. purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $38,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $40,000.
SPDR S&P Dividend ETF Stock Up 1.0 %
NYSEARCA SDY opened at $135.68 on Tuesday. The company has a 50-day simple moving average of $135.20 and a two-hundred day simple moving average of $137.38. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of 20.91 and a beta of 0.87.
SPDR S&P Dividend ETF Announces Dividend
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.
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