Meridian Financial LLC lifted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,997 shares of the company’s stock after purchasing an additional 291 shares during the quarter. SPDR S&P Dividend ETF comprises approximately 2.2% of Meridian Financial LLC’s holdings, making the stock its 11th largest holding. Meridian Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $3,170,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF during the third quarter worth approximately $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter worth $32,000. Assetmark Inc. increased its holdings in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its position in SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $38,000.
SPDR S&P Dividend ETF Price Performance
Shares of NYSEARCA SDY opened at $133.77 on Friday. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $121.52 and a 1-year high of $144.45. The business has a 50-day moving average of $136.76 and a 200-day moving average of $136.93.
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.
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