World Equity Group Inc. Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

World Equity Group Inc. bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,104 shares of the company’s stock, valued at approximately $410,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. Avion Wealth boosted its stake in shares of SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Capital Performance Advisors LLP bought a new position in SPDR S&P Dividend ETF during the third quarter worth $31,000. Kestra Investment Management LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $31,000. JNBA Financial Advisors bought a new position in SPDR S&P Dividend ETF during the third quarter worth $32,000. Finally, Assetmark Inc. lifted its stake in 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 purchasing an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $136.54 on Monday. The business’s fifty day moving average price is $133.42 and its 200 day moving average price is $137.63. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The stock has a market capitalization of $21.60 billion, a PE 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.