Madrid Wealth Management LLC Acquires Shares of 6,663 SPDR S&P Dividend ETF $SDY

Madrid Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,663 shares of the company’s stock, valued at approximately $927,000.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC grew its position in shares of SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 625.0% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Compass Financial Services Inc bought a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $29,000. Delos Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $150.07 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $129.86 and a fifty-two week high of $156.39. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 19.85 and a beta of 0.74. The business’s fifty day moving average price is $148.90 and its two-hundred day moving average price is $144.77.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.