Cozad Asset Management Inc. Purchases 146 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cozad Asset Management Inc. increased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,322 shares of the company’s stock after buying an additional 146 shares during the period. Cozad Asset Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,156,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SDY. Ritholtz Wealth Management grew its holdings in SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after purchasing an additional 505 shares during the period. Empowered Funds LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $67,000. Franklin Resources Inc. grew its holdings in SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after purchasing an additional 1,222 shares during the period. FSA Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the third quarter worth $3,488,000. Finally, Citigroup Inc. grew its holdings in SPDR S&P Dividend ETF by 16.0% in the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after purchasing an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $136.12 on Tuesday. The stock has a market capitalization of $20.25 billion, a P/E ratio of 20.91 and a beta of 0.87. The company has a 50-day moving average price of $134.53 and a 200-day moving average price of $137.67. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45.

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.