Modern Wealth Management LLC Takes $223,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Modern Wealth Management LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,669 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SDY. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $397,657,000. LPL Financial LLC lifted its stake in shares of SPDR S&P Dividend ETF by 2.1% during the fourth quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock valued at $378,030,000 after buying an additional 59,001 shares during the period. Joel Isaacson & Co. LLC boosted its position in SPDR S&P Dividend ETF by 2.2% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after acquiring an additional 54,648 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in SPDR S&P Dividend ETF by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,103,945 shares of the company’s stock worth $145,831,000 after acquiring an additional 30,488 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.6 %

Shares of SPDR S&P Dividend ETF stock opened at $134.29 on Friday. The firm has a market cap of $19.98 billion, a PE ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45. The business’s fifty day moving average is $135.17 and its two-hundred day moving average is $137.42.

SPDR S&P Dividend ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.8184 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.