Arete Wealth Advisors LLC Buys 1,719 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Arete Wealth Advisors LLC boosted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,280 shares of the company’s stock after purchasing an additional 1,719 shares during the quarter. Arete Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $961,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC acquired a new position in SPDR S&P Dividend ETF during the 3rd quarter worth approximately $207,000. Integrated Wealth Concepts LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 23,525 shares of the company’s stock worth $3,342,000 after purchasing an additional 188 shares in the last quarter. Stifel Financial Corp grew its position in SPDR S&P Dividend ETF by 4.6% in the 3rd quarter. Stifel Financial Corp now owns 217,159 shares of the company’s stock valued at $30,846,000 after purchasing an additional 9,594 shares during the period. Kovitz Investment Group Partners LLC increased its stake in SPDR S&P Dividend ETF by 281.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 20,920 shares of the company’s stock valued at $2,797,000 after purchasing an additional 15,432 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC raised its holdings in SPDR S&P Dividend ETF by 0.8% during the third quarter. Drucker Wealth 3.0 LLC now owns 19,041 shares of the company’s stock worth $2,705,000 after buying an additional 142 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $125.88 on Friday. The company has a 50-day moving average price of $135.08 and a 200-day moving average price of $137.20. The stock has a market capitalization of $18.69 billion, a P/E ratio of 20.96 and a beta of 0.80. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a dividend of $0.8184 per share. The ex-dividend date was Monday, March 24th.

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.