Crestone Asset Management LLC Invests $214,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Crestone Asset Management LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,709 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also modified their holdings of SDY. Royal Bank of Canada raised its position in shares of SPDR S&P Dividend ETF by 0.4% during the third quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock worth $304,180,000 after purchasing an additional 10,757 shares during the period. Raymond James & Associates lifted its stake in SPDR S&P Dividend ETF by 1.5% in the fourth quarter. Raymond James & Associates now owns 2,332,268 shares of the company’s stock valued at $291,463,000 after buying an additional 34,564 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 18.6% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,478,260 shares of the company’s stock valued at $170,015,000 after buying an additional 231,382 shares during the period. International Assets Investment Management LLC increased its position in shares of SPDR S&P Dividend ETF by 10,945.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock worth $141,774,000 after acquiring an additional 1,124,197 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of SPDR S&P Dividend ETF by 2.4% during the third quarter. Janney Montgomery Scott LLC now owns 1,112,783 shares of the company’s stock worth $127,981,000 after acquiring an additional 26,304 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY traded up $0.02 during mid-day trading on Wednesday, hitting $129.90. 350,173 shares of the company’s stock were exchanged, compared to its average volume of 366,168. The company has a market cap of $20.55 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67. The company has a 50-day simple moving average of $128.04 and a 200 day simple moving average of $123.56.

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.