Axis Wealth Partners LLC Invests $1.07 Million in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Axis Wealth Partners LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, HoldingsChannel reports. The fund purchased 8,103 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDY. Avion Wealth grew its holdings 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. Capital Performance Advisors LLP bought a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth $31,000. Kestra Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $31,000. Noble Wealth Management PBC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth approximately $32,000. Finally, Assetmark Inc. boosted its holdings in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Up 1.6 %

NYSEARCA:SDY opened at $138.67 on Friday. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The firm has a 50-day moving average price of $134.10 and a 200 day moving average price of $137.80. The firm has a market capitalization of $20.75 billion, a PE ratio of 21.48 and a beta of 0.88.

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.