Larson Financial Group LLC Raises Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Larson Financial Group LLC lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,862 shares of the company’s stock after acquiring an additional 426 shares during the quarter. Larson Financial Group LLC’s holdings in SPDR S&P Dividend ETF were worth $1,435,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Avion Wealth increased its position in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of SPDR S&P Dividend ETF during the third quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $31,000. Noble Wealth Management PBC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $32,000. Finally, Assetmark Inc. increased its position in shares of SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $138.67 on Friday. The firm has a market cap of $20.75 billion, a PE ratio of 21.48 and a beta of 0.88. The firm’s 50 day simple moving average is $134.10 and its 200-day simple moving average is $137.80. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year 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.