Lee Danner & Bass Inc. Takes $125,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Lee Danner & Bass Inc. acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, HoldingsChannel reports. The firm acquired 945 shares of the company’s stock, valued at approximately $125,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management raised its stake in shares of SPDR S&P Dividend ETF by 9.7% during the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after purchasing an additional 505 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $67,000. Franklin Resources Inc. raised its stake in shares of SPDR S&P Dividend ETF by 2.2% during the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at about $3,488,000. Finally, Citigroup Inc. raised its stake in shares of SPDR S&P Dividend ETF by 16.0% during the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock valued at $3,659,000 after purchasing an additional 3,551 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.7 %

Shares of NYSEARCA SDY opened at $134.20 on Friday. The firm’s 50-day simple moving average is $134.92 and its 200 day simple moving average is $137.57. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The stock has a market cap of $19.97 billion, a P/E ratio of 20.91 and a beta of 0.87.

SPDR S&P Dividend ETF Company 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.