Rialto Wealth Management LLC Acquires Shares of 258 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Rialto Wealth Management LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 258 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. Raymond James Financial Inc. acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $397,657,000. Assetmark Inc. increased its position in shares of SPDR S&P Dividend ETF by 267,004.3% in the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after purchasing an additional 678,191 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $147,161,000 after purchasing an additional 122,858 shares in the last quarter. TigerOak Management L.L.C. bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $16,186,000. Finally, Private Advisor Group LLC grew its stake in SPDR S&P Dividend ETF by 84.5% in the fourth quarter. Private Advisor Group LLC now owns 255,882 shares of the company’s stock worth $33,802,000 after purchasing an additional 117,210 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 1.6 %

Shares of SPDR S&P Dividend ETF stock opened at $138.67 on Monday. The business has a 50-day moving average price of $134.10 and a 200 day moving average price of $137.80. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The firm has a market cap of $20.75 billion, a P/E ratio of 21.48 and a beta of 0.88.

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.