Avidian Wealth Solutions LLC Invests $202,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Avidian Wealth Solutions LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,538 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter worth about $27,000. Friedenthal Financial acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $29,000. Scarborough Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $30,000. Farmers & Merchants Investments Inc. bought a new position in SPDR S&P Dividend ETF during the 1st quarter worth $33,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $36,000.

SPDR S&P Dividend ETF Trading Up 1.0 %

NYSEARCA SDY traded up $1.23 on Wednesday, hitting $127.46. 238,578 shares of the company’s stock were exchanged, compared to its average volume of 329,382. The stock has a 50-day moving average of $128.96 and a 200-day moving average of $127.04. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $132.49.

SPDR S&P Dividend ETF Company 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.