Fortis Group Advisors LLC Buys New Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Fortis Group Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,664 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Joel Isaacson & Co. LLC raised its holdings in shares of SPDR S&P Dividend ETF by 2.2% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after acquiring an additional 54,648 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after acquiring an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares in the last quarter. Destination Wealth Management raised its holdings in shares of SPDR S&P Dividend ETF by 0.3% during the third quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after acquiring an additional 2,366 shares in the last quarter. Finally, Legacy Financial Group LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock valued at $49,850,000 after acquiring an additional 3,088 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 0.6 %

Shares of SPDR S&P Dividend ETF stock opened at $135.12 on Wednesday. The company has a market cap of $21.38 billion, a PE ratio of 19.72 and a beta of 0.68. The business has a 50 day moving average of $133.65 and a 200 day moving average of $137.53. SPDR S&P Dividend ETF has a 52 week low of $123.94 and a 52 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.