Founders Grove Wealth Partners LLC Invests $4.63 Million in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Founders Grove Wealth Partners LLC acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,033 shares of the company’s stock, valued at approximately $4,628,000. SPDR S&P Dividend ETF accounts for 1.3% of Founders Grove Wealth Partners LLC’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors have also recently made changes to their positions in SDY. International Assets Investment Management LLC lifted its stake in shares of SPDR S&P Dividend ETF by 13,497.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares during the period. JPMorgan Chase & Co. raised its stake in SPDR S&P Dividend ETF by 13.5% during 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 during the period. Sanctuary Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 2nd quarter worth approximately $10,044,000. Synovus Financial Corp raised its stake in SPDR S&P Dividend ETF by 88.6% during the 3rd quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after acquiring an additional 42,078 shares during the period. Finally, Nwam LLC bought a new stake in SPDR S&P Dividend ETF during the 3rd quarter worth approximately $5,274,000.

SPDR S&P Dividend ETF Trading Up 0.9 %

NYSEARCA SDY opened at $131.09 on Wednesday. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s 50 day moving average is $137.25 and its two-hundred day moving average is $136.94.

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.