Ignite Planners LLC Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Ignite Planners LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,445 shares of the company’s stock, valued at approximately $322,000.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $32,000. Assetmark Inc. raised its position in shares of 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 purchasing an additional 167 shares during the period. Strategic Investment Solutions Inc. IL raised its position in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in SPDR S&P Dividend ETF during the third quarter worth $41,000.

SPDR S&P Dividend ETF Trading Up 0.9 %

Shares of SDY stock opened at $131.09 on Wednesday. SPDR S&P Dividend ETF has a 1 year low of $121.52 and a 1 year high of $144.45. The firm’s fifty day simple moving average is $137.25 and its 200 day simple moving average is $136.94. The firm has a market capitalization of $20.74 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.