Great Point Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 81,635 shares of the company’s stock, valued at approximately $7,307,000. SPDR S&P Dividend ETF accounts for approximately 6.9% of Great Point Wealth Advisors LLC’s portfolio, making the stock its 5th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. We Are One Seven LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth about $26,000. Reilly Financial Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 105.5% in the fourth quarter. Reilly Financial Advisors LLC now owns 411 shares of the company’s stock worth $37,000 after buying an additional 211 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth about $54,000. Signet Investment Advisory Group Inc. purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth about $56,000. Finally, Parkside Financial Bank & Trust raised its holdings in SPDR S&P Dividend ETF by 57.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 822 shares of the company’s stock worth $74,000 after buying an additional 300 shares during the last quarter.
SPDR S&P Dividend ETF stock traded up $0.38 during trading hours on Wednesday, hitting $98.88. The stock had a trading volume of 4,535 shares, compared to its average volume of 844,084. SPDR S&P Dividend ETF has a 12-month low of $84.28 and a 12-month high of $100.09.
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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.
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