Essential Planning LLC. Purchases New Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Essential Planning LLC. purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,448 shares of the company’s stock, valued at approximately $2,717,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth increased its stake in SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Kestra Investment Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $31,000. Noble Wealth Management PBC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $32,000. Assetmark Inc. grew its stake in shares of 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 period. Finally, Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $34,000.

SPDR S&P Dividend ETF Trading Down 1.3 %

SDY stock opened at $133.58 on Thursday. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The firm has a market cap of $19.98 billion, a P/E ratio of 21.48 and a beta of 0.88. The business’s 50 day moving average is $134.33 and its 200-day moving average is $137.76.

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.