Tennessee Valley Asset Management Partners Takes $36,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tennessee Valley Asset Management Partners bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 290 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors also recently made changes to their positions in the stock. Adamsbrown Wealth Consultants LLC boosted its position in shares of SPDR S&P Dividend ETF by 5.0% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 79,604 shares of the company’s stock worth $9,948,000 after buying an additional 3,802 shares during the period. Perigon Wealth Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 32.5% during the fourth quarter. Perigon Wealth Management LLC now owns 26,165 shares of the company’s stock worth $3,270,000 after buying an additional 6,424 shares during the period. Mayport LLC boosted its position in shares of SPDR S&P Dividend ETF by 10.0% during the fourth quarter. Mayport LLC now owns 2,200 shares of the company’s stock worth $275,000 after buying an additional 200 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 5,146 shares of the company’s stock worth $643,000 after buying an additional 134 shares during the period. Finally, Round Rock Advisors LLC boosted its position in shares of SPDR S&P Dividend ETF by 16.2% during the fourth quarter. Round Rock Advisors LLC now owns 5,147 shares of the company’s stock worth $643,000 after buying an additional 716 shares during the period.

SPDR S&P Dividend ETF Trading Up 0.3 %

Shares of NYSEARCA SDY opened at $128.06 on Wednesday. The stock has a 50 day simple moving average of $127.31 and a 200-day simple moving average of $122.55. The company has a market cap of $20.37 billion, a PE ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $131.67.

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.