Palouse Capital Management Inc. Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Palouse Capital Management Inc. bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, Holdings Channel.com reports. The fund bought 6,565 shares of the company’s stock, valued at approximately $867,000.

Several other institutional investors and hedge funds have also bought and sold shares of SDY. Avion Wealth lifted its position in shares of SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at about $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at about $32,000. Assetmark Inc. lifted its position in shares of SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.5 %

SDY stock opened at $134.26 on Friday. SPDR S&P Dividend ETF has a twelve month low of $123.32 and a twelve month high of $144.45. The stock has a market cap of $21.24 billion, a P/E ratio of 19.72 and a beta of 0.68. The business’s 50-day moving average price is $133.77 and its 200-day moving average price is $137.49.

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.