World Equity Group Inc. Buys Shares of 3,104 SPDR S&P Dividend ETF (NYSEARCA:SDY)

World Equity Group Inc. bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,104 shares of the company’s stock, valued at approximately $410,000.

Other hedge funds also recently added to or reduced their stakes in the company. Avion Wealth lifted its stake in SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in SPDR S&P Dividend ETF in the third quarter valued at $31,000. JNBA Financial Advisors bought a new stake in SPDR S&P Dividend ETF in the third quarter valued at $32,000. Kestra Investment Management LLC bought a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $31,000. Finally, Assetmark Inc. lifted its stake in SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $136.54 on Monday. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The stock’s fifty day moving average is $133.42 and its two-hundred day moving average is $137.63.

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.