RiverFront Investment Group LLC Purchases New Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

RiverFront Investment Group LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,027 shares of the company’s stock, valued at approximately $268,000.

Other large investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its holdings in SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after acquiring an additional 505 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $67,000. Franklin Resources Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after purchasing an additional 1,222 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth about $3,488,000. Finally, Citigroup Inc. raised its holdings in SPDR S&P Dividend ETF by 16.0% in the 3rd quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock valued at $3,659,000 after buying an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $134.29 on Friday. The company has a 50-day moving average of $135.17 and a two-hundred day moving average of $137.41. The firm has a market cap of $19.98 billion, a PE ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a dividend of $0.8184 per share. 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.