SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 542,027 shares of the company’s stock after buying an additional 4,560 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $71,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avion Wealth increased its stake in shares of 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 acquiring an additional 125 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $31,000. Noble Wealth Management PBC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter worth $32,000. Rialto Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter worth $34,000. Finally, Assetmark Inc. boosted its holdings in 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 buying an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $133.58 on Thursday. The company’s fifty day moving average price is $134.33 and its 200 day moving average price is $137.76. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The company has a market capitalization of $19.98 billion, a PE 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.