Inlight Wealth Management LLC Buys New Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Inlight Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 1st quarter, HoldingsChannel reports. The firm bought 559 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds have also modified their holdings of SDY. Raymond James Financial Inc. purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $397,657,000. Assetmark Inc. increased its holdings in SPDR S&P Dividend ETF by 267,004.3% during the 4th quarter. Assetmark Inc. now owns 678,445 shares of the company’s stock worth $89,623,000 after purchasing an additional 678,191 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR S&P Dividend ETF by 63.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock worth $223,073,000 after purchasing an additional 652,619 shares during the last quarter. Wells Fargo & Company MN increased its holdings in SPDR S&P Dividend ETF by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock worth $277,875,000 after purchasing an additional 335,483 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in SPDR S&P Dividend ETF by 13,468.0% during the 1st quarter. GAMMA Investing LLC now owns 315,592 shares of the company’s stock worth $42,820,000 after purchasing an additional 313,266 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.0%

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’s 50 day moving average is $133.02 and its two-hundred day moving average is $133.60. The company has a market capitalization of $19.72 billion, a PE ratio of 20.59 and a beta of 0.80.

About SPDR S&P Dividend ETF

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.