Madison Investment Advisors LLC Invests $2.09 Million in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Madison Investment Advisors LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, Holdings Channel reports. The firm purchased 15,793 shares of the company’s stock, valued at approximately $2,086,000.

Other hedge funds have also recently modified their holdings of the company. Avion Wealth raised its stake in shares of SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $31,000. Noble Wealth Management PBC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $32,000. Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $34,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $38,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $134.20 on Friday. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45. The firm has a market capitalization of $19.97 billion, a P/E ratio of 20.91 and a beta of 0.87. The business has a fifty day moving average of $134.92 and a 200 day moving average of $137.57.

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.