Hilton Capital Management LLC Purchases New Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Hilton Capital Management 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,390 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Roger Wittlin Investment Advisory LLC lifted its holdings in SPDR S&P Dividend ETF by 0.6% during the 3rd quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock worth $1,861,000 after buying an additional 73 shares during the last quarter. N.E.W. Advisory Services LLC lifted its holdings in SPDR S&P Dividend ETF by 1.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock worth $914,000 after buying an additional 76 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in SPDR S&P Dividend ETF by 4.9% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock worth $214,000 after buying an additional 76 shares during the last quarter. Good Life Advisors LLC lifted its holdings in SPDR S&P Dividend ETF by 1.4% during the 4th quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock worth $748,000 after buying an additional 79 shares during the last quarter. Finally, Rebalance LLC lifted its holdings in SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Rebalance LLC now owns 10,955 shares of the company’s stock worth $1,447,000 after buying an additional 85 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 1.1 %

NYSEARCA:SDY opened at $134.62 on Friday. The business’s 50 day moving average is $134.42 and its two-hundred day moving average is $137.70. SPDR S&P Dividend ETF has a 52 week low of $124.37 and a 52 week high of $144.45. The company has a market cap of $20.14 billion, a PE ratio of 21.48 and a beta of 0.88.

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.