Choate Investment Advisors Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Choate Investment Advisors acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,585 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also modified their holdings of the company. Avion Wealth raised its stake in shares of SPDR S&P Dividend ETF by 164.5% in the fourth 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. Kestra Investment Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $31,000. Noble Wealth Management PBC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $32,000. Rialto Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $34,000. Finally, Assetmark Inc. raised its stake in SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $136.12 on Tuesday. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The stock has a market cap of $20.25 billion, a PE ratio of 20.91 and a beta of 0.87. The stock’s fifty day moving average is $134.53 and its two-hundred day moving average is $137.67.

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.