Institute for Wealth Management LLC. Acquires 89 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Institute for Wealth Management LLC. boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.0% during the first quarter, Holdings Channel reports. The fund owned 2,318 shares of the company’s stock after acquiring an additional 89 shares during the period. Institute for Wealth Management LLC.’s holdings in SPDR S&P Dividend ETF were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Empowered Funds LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $67,000. Charles Schwab Investment Management Inc. bought a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $724,000. Aire Advisors LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $454,000. D. E. Shaw & Co. Inc. bought a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $2,010,000. Finally, Linscomb Wealth Inc. boosted its stake in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Linscomb Wealth Inc. now owns 297,665 shares of the company’s stock valued at $39,321,000 after acquiring an additional 2,408 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $133.94 on Friday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The stock has a market cap of $19.72 billion, a PE ratio of 20.59 and a beta of 0.80. The firm’s 50 day moving average price is $133.02 and its two-hundred day moving average price is $133.66.

SPDR S&P Dividend ETF Company 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.