Garrison Point Advisors LLC Makes New $732,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Garrison Point Advisors LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,545 shares of the company’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avion Wealth grew its position in SPDR S&P Dividend ETF by 164.5% during 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. Kestra Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $31,000. Noble Wealth Management PBC bought a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $32,000. Rialto Wealth Management LLC acquired a new position in SPDR S&P Dividend ETF during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $38,000.

SPDR S&P Dividend ETF Price Performance

SDY opened at $125.88 on Friday. The firm has a market capitalization of $18.69 billion, a PE ratio of 20.96 and a beta of 0.80. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The company’s 50-day moving average is $135.08 and its 200 day moving average is $137.17.

SPDR S&P Dividend ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.8184 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.