Financial Advocates Investment Management Purchases 7,316 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Financial Advocates Investment Management raised its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,837 shares of the company’s stock after acquiring an additional 7,316 shares during the period. Financial Advocates Investment Management’s holdings in SPDR S&P Dividend ETF were worth $9,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth about $31,000. JNBA Financial Advisors bought a new position in SPDR S&P Dividend ETF in the third quarter worth $32,000. Assetmark Inc. boosted 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 buying an additional 167 shares in the last quarter. 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 valued at $37,000 after buying 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 in the 4th quarter valued at $38,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $134.21 on Thursday. The company has a 50-day moving average of $135.13 and a 200-day moving average of $137.49. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The company has a market capitalization of $21.23 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.