Element Wealth LLC Boosts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Element Wealth LLC boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 16.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,907 shares of the company’s stock after acquiring an additional 269 shares during the period. Element Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grimes & Company Inc. grew its position in shares of SPDR S&P Dividend ETF by 1.6% in the fourth quarter. Grimes & Company Inc. now owns 5,402 shares of the company’s stock valued at $675,000 after purchasing an additional 84 shares during the last quarter. PFG Investments LLC raised its stake in shares of SPDR S&P Dividend ETF by 1.0% in the 4th quarter. PFG Investments LLC now owns 8,451 shares of the company’s stock valued at $1,056,000 after buying an additional 86 shares in the last quarter. My Legacy Advisors LLC increased its position in SPDR S&P Dividend ETF by 1.4% in the 3rd quarter. My Legacy Advisors LLC now owns 6,614 shares of the company’s stock valued at $745,000 after acquiring an additional 93 shares in the last quarter. PDS Planning Inc boosted its stake in SPDR S&P Dividend ETF by 0.6% during the 4th quarter. PDS Planning Inc now owns 16,889 shares of the company’s stock worth $2,111,000 after acquiring an additional 97 shares during the last quarter. Finally, GEM Asset Management LLC increased its holdings in SPDR S&P Dividend ETF by 2.6% during the third quarter. GEM Asset Management LLC now owns 3,891 shares of the company’s stock worth $448,000 after buying an additional 99 shares during the last quarter.

SPDR S&P Dividend ETF Trading Up 0.3 %

NYSEARCA SDY traded up $0.34 during trading on Tuesday, hitting $128.06. 188,236 shares of the company’s stock were exchanged, compared to its average volume of 385,805. The company has a market cap of $20.37 billion, a PE ratio of 19.41 and a beta of 0.73. The stock’s 50 day moving average price is $127.20 and its two-hundred day moving average price is $122.45. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $131.67.

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.