Tocqueville Asset Management L.P. Acquires 12,635 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tocqueville Asset Management L.P. grew its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 308.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,732 shares of the company’s stock after acquiring an additional 12,635 shares during the period. Tocqueville Asset Management L.P.’s holdings in SPDR S&P Dividend ETF were worth $2,210,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Avion Wealth increased its position in 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 buying an additional 125 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $31,000. Noble Wealth Management PBC acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $32,000. Rialto Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $34,000. Finally, Assetmark Inc. lifted its holdings in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.4 %

Shares of SPDR S&P Dividend ETF stock opened at $135.53 on Wednesday. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The stock has a 50 day moving average price of $134.62 and a two-hundred day moving average price of $137.64. The stock has a market capitalization of $20.17 billion, a P/E ratio of 20.91 and a beta of 0.87.

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.