Pineridge Advisors LLC Makes New $63,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pineridge Advisors LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, Holdings Channel.com reports. The fund purchased 506 shares of the company’s stock, valued at approximately $63,000.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in SPDR S&P Dividend ETF by 10,945.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after purchasing an additional 1,124,197 shares during the last quarter. Pathstone Holdings LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $94,819,000. Comerica Bank purchased a new position in SPDR S&P Dividend ETF during the 3rd quarter valued at about $17,485,000. Argent Capital Management LLC acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $15,142,000. Finally, Sar Wealth Management Group LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $12,265,000.

SPDR S&P Dividend ETF Stock Down 0.4 %

Shares of SDY traded down $0.57 during mid-day trading on Friday, reaching $127.73. 164,270 shares of the company’s stock were exchanged, compared to its average volume of 340,947. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $132.49. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company has a 50-day simple moving average of $128.86 and a two-hundred day simple moving average of $126.34.

SPDR S&P Dividend ETF Company 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.