C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $213,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,623 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently modified their holdings of SDY. Frazier Financial Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $27,000. Friedenthal Financial bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $29,000. Scarborough Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $30,000. Farmers & Merchants Investments Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter valued at about $33,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $36,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock traded up $1.72 on Thursday, hitting $129.18. 136,090 shares of the company’s stock traded hands, compared to its average volume of 327,466. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $132.49. The company has a fifty day moving average of $128.96 and a two-hundred day moving average of $127.05. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.