SPDR S&P Dividend ETF (NYSEARCA:SDY) is LifeSteps Financial Inc.’s 8th Largest Position

LifeSteps Financial Inc. increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,121 shares of the company’s stock after acquiring an additional 536 shares during the quarter. SPDR S&P Dividend ETF makes up about 3.0% of LifeSteps Financial Inc.’s investment portfolio, making the stock its 8th largest position. LifeSteps Financial Inc.’s holdings in SPDR S&P Dividend ETF were worth $3,847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 worth $26,000 after acquiring an additional 125 shares during 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 about $31,000. Kestra Investment Management LLC acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter worth about $31,000. JNBA Financial Advisors purchased a new position in SPDR S&P Dividend ETF during the third quarter worth about $32,000. Finally, Assetmark Inc. boosted its holdings 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 purchasing an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $136.54 on Friday. The firm has a 50 day simple moving average of $133.45 and a 200-day simple moving average of $137.52. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. 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.