SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 162.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,862 shares of the company’s stock after acquiring an additional 4,243 shares during the quarter. RMR Wealth Builders’ holdings in SPDR S&P Dividend ETF were worth $907,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Founders Grove Wealth Partners LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $4,628,000. Park Avenue Securities LLC grew its stake in SPDR S&P Dividend ETF by 2.9% during the 4th quarter. Park Avenue Securities LLC now owns 8,009 shares of the company’s stock worth $1,058,000 after purchasing an additional 227 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of SPDR S&P Dividend ETF by 1.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 56,402 shares of the company’s stock valued at $7,451,000 after buying an additional 775 shares during the period. Pines Wealth Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $2,013,000. Finally, Ignite Planners LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth approximately $322,000.

SPDR S&P Dividend ETF Trading Up 0.6 %

Shares of NYSEARCA:SDY opened at $131.84 on Thursday. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The company’s 50 day moving average is $137.25 and its two-hundred day moving average is $136.94. The company has a market cap of $20.86 billion, a PE ratio of 19.72 and a beta of 0.68.

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.