Sovran Advisors LLC Acquires New Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sovran Advisors LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, Holdings Channel.com reports. The fund bought 14,026 shares of the company’s stock, valued at approximately $1,839,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oxler Private Wealth LLC acquired a new position in SPDR S&P Dividend ETF during the third quarter worth about $206,000. Elk River Wealth Management LLC lifted its stake in SPDR S&P Dividend ETF by 2.2% during the third quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock valued at $54,690,000 after purchasing an additional 8,194 shares during the last quarter. CX Institutional boosted its holdings in SPDR S&P Dividend ETF by 4.0% during the third quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after buying an additional 2,580 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in SPDR S&P Dividend ETF by 23.7% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 76,679 shares of the company’s stock worth $10,891,000 after buying an additional 14,691 shares during the last quarter. Finally, Capstone Wealth Management Group LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.4% in the third quarter. Capstone Wealth Management Group LLC now owns 36,713 shares of the company’s stock valued at $5,215,000 after buying an additional 145 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 0.5 %

SDY opened at $133.51 on Tuesday. The business has a fifty day simple moving average of $134.52 and a 200-day simple moving average of $137.53. The firm has a market cap of $21.12 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45.

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.