SBI Securities Co. Ltd. Purchases Shares of 2,892 SPDR S&P Dividend ETF (NYSEARCA:SDY)

SBI Securities Co. Ltd. purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, HoldingsChannel reports. The firm purchased 2,892 shares of the company’s stock, valued at approximately $382,000.

Several other institutional investors have also added to or reduced their stakes in the business. Avion Wealth boosted its holdings in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $31,000. Kestra Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $31,000. JNBA Financial Advisors purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $32,000.

SPDR S&P Dividend ETF Trading Down 1.8 %

SPDR S&P Dividend ETF stock opened at $135.93 on Wednesday. The firm has a 50-day moving average of $133.87 and a 200-day moving average of $137.79. The firm has a market cap of $20.34 billion, a P/E ratio of 21.48 and a beta of 0.88. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45.

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.