Steward Partners Investment Advisory LLC Buys 9,410 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Steward Partners Investment Advisory LLC grew its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 163,372 shares of the company’s stock after purchasing an additional 9,410 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P Dividend ETF were worth $21,581,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC grew its stake in SPDR S&P Dividend ETF by 2.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after acquiring an additional 54,648 shares in the last quarter. JPMorgan Chase & Co. grew its stake in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after acquiring an additional 122,858 shares in the last quarter. Destination Wealth Management grew its stake in SPDR S&P Dividend ETF by 0.3% in the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock worth $99,488,000 after acquiring an additional 2,366 shares in the last quarter. Elk River Wealth Management LLC grew its stake in SPDR S&P Dividend ETF by 2.6% in the 4th quarter. Elk River Wealth Management LLC now owns 395,119 shares of the company’s stock worth $52,196,000 after acquiring an additional 10,095 shares in the last quarter. Finally, Legacy Financial Group LLC grew its stake in SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock worth $49,850,000 after acquiring an additional 3,088 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $138.36 on Tuesday. The company has a market capitalization of $20.70 billion, a P/E ratio of 21.48 and a beta of 0.88. The company’s 50-day simple moving average is $133.82 and its two-hundred day simple moving average is $137.79. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45.

About SPDR S&P Dividend ETF

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.