SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,139 shares of the company’s stock after acquiring an additional 510 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR S&P Dividend ETF were worth $5,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avion Wealth raised its position in shares of SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $31,000. Noble Wealth Management PBC acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $32,000. Rialto Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $34,000. Finally, Assetmark Inc. raised its position in shares of SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Trading Down 0.4 %

SDY stock opened at $135.53 on Wednesday. The firm has a market cap of $20.17 billion, a P/E ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The stock’s 50 day simple moving average is $134.62 and its 200 day simple moving average is $137.64.

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.