Rockbridge Investment Management LCC Invests $303,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Rockbridge Investment Management LCC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,291 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth increased its holdings in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Kestra Investment Management LLC bought a new position in SPDR S&P Dividend ETF during the 4th quarter worth $31,000. Noble Wealth Management PBC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $32,000. Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $34,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth $38,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $134.79 on Thursday. The stock has a market capitalization of $20.06 billion, a P/E ratio of 20.91 and a beta of 0.87. The stock’s fifty day moving average is $135.12 and its 200 day moving average is $137.47. SPDR S&P Dividend ETF has a 52 week low of $124.37 and a 52 week high of $144.45.

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 issued 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.