Congress Wealth Management LLC DE Raises Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Congress Wealth Management LLC DE lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,964 shares of the company’s stock after acquiring an additional 1,440 shares during the period. Congress Wealth Management LLC DE’s holdings in SPDR S&P Dividend ETF were worth $4,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SDY. N.E.W. Advisory Services LLC grew its holdings in shares of SPDR S&P Dividend ETF by 1.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock worth $914,000 after purchasing an additional 76 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake 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 increased its position in SPDR S&P Dividend ETF by 1.4% during the fourth 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 period. Rebalance LLC lifted its stake in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Rebalance LLC now owns 10,955 shares of the company’s stock valued at $1,447,000 after buying an additional 85 shares during the last quarter. Finally, Smart Money Group LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 0.7% in the fourth quarter. Smart Money Group LLC now owns 12,547 shares of the company’s stock valued at $1,658,000 after acquiring an additional 86 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $133.68 on Wednesday. The firm’s fifty day simple moving average is $135.06 and its 200-day simple moving average is $137.49. SPDR S&P Dividend ETF has a 12 month low of $124.37 and a 12 month high of $144.45. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 20.91 and a beta of 0.87.

SPDR S&P Dividend ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th will be paid a $0.8184 dividend. The ex-dividend date of this dividend is Monday, March 24th.

About SPDR S&P Dividend ETF

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.