SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Bought by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,682 shares of the company’s stock after buying an additional 97 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avion Wealth increased its stake in shares of SPDR S&P Dividend ETF by 164.5% in the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $32,000. Assetmark Inc. grew its stake 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 acquiring an additional 167 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its holdings in SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.5 %

SDY opened at $134.26 on Tuesday. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s fifty day simple moving average is $133.77 and its two-hundred day simple moving average is $137.53. SPDR S&P Dividend ETF has a 52-week low of $123.32 and a 52-week high of $144.45.

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.