Root Financial Partners LLC Makes New $272,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Root Financial Partners LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,061 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds also recently modified their holdings of the company. Values Added Financial LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $438,000. Mycio Wealth Partners LLC boosted its position in shares of SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Mycio Wealth Partners LLC now owns 29,545 shares of the company’s stock worth $3,903,000 after acquiring an additional 1,311 shares during the last quarter. Clarity Capital Partners LLC boosted its position in shares of SPDR S&P Dividend ETF by 3.4% in the fourth quarter. Clarity Capital Partners LLC now owns 5,405 shares of the company’s stock worth $714,000 after acquiring an additional 176 shares during the last quarter. Avion Wealth boosted its position 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 worth $26,000 after acquiring an additional 125 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its position in shares of SPDR S&P Dividend ETF by 4.9% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock worth $214,000 after acquiring an additional 76 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $134.26 on Friday. The company’s 50 day simple moving average is $133.89 and its 200 day simple moving average is $137.49. SPDR S&P Dividend ETF has a 1 year low of $123.32 and a 1 year high of $144.45. The stock has a market capitalization of $21.24 billion, a PE 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.