Axis Wealth Partners LLC Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Axis Wealth Partners LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,103 shares of the company’s stock, valued at approximately $1,070,000.

Other large investors have also made changes to their positions in the company. Avion Wealth boosted its stake in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new position in SPDR S&P Dividend ETF in the 4th quarter valued at about $31,000. Noble Wealth Management PBC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at approximately $32,000. Finally, Assetmark Inc. grew its position in shares of SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after buying an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 1.6 %

Shares of SDY opened at $138.67 on Friday. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88. SPDR S&P Dividend ETF has a 52 week low of $124.37 and a 52 week high of $144.45. The stock has a 50 day moving average of $134.10 and a 200-day moving average of $137.80.

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.