Avion Wealth Grows Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Avion Wealth increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 164.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 201 shares of the company’s stock after purchasing an additional 125 shares during the period. Avion Wealth’s holdings in SPDR S&P Dividend ETF were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avidian Wealth Enterprises LLC raised its stake in SPDR S&P Dividend ETF by 4.9% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock valued at $214,000 after purchasing an additional 76 shares during the last quarter. Kentucky Trust Co acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $1,093,000. Gladstone Institutional Advisory LLC grew its holdings in shares of SPDR S&P Dividend ETF by 33.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,790 shares of the company’s stock worth $501,000 after buying an additional 940 shares in the last quarter. TFB Advisors LLC raised its position in shares of SPDR S&P Dividend ETF by 58.7% in the fourth quarter. TFB Advisors LLC now owns 3,503 shares of the company’s stock valued at $463,000 after buying an additional 1,296 shares during the last quarter. Finally, Wealthcare Capital Partners LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $505,000.

SPDR S&P Dividend ETF Trading Down 0.7 %

SDY opened at $133.51 on Thursday. SPDR S&P Dividend ETF has a twelve month low of $121.52 and a twelve month high of $144.45. The firm has a market capitalization of $21.12 billion, a PE ratio of 19.72 and a beta of 0.68. The firm’s 50-day moving average price is $134.17 and its 200 day moving average price is $137.54.

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.