SVB Wealth LLC Makes New $2.33 Million Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

SVB Wealth LLC bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,618 shares of the company’s stock, valued at approximately $2,327,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SDY. Joel Isaacson & Co. LLC grew its position in SPDR S&P Dividend ETF by 2.2% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after buying an additional 54,648 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Destination Wealth Management grew its position in shares of SPDR S&P Dividend ETF by 0.3% during the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after acquiring an additional 2,366 shares during the period. Elk River Wealth Management LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.6% in the 4th quarter. Elk River Wealth Management LLC now owns 395,119 shares of the company’s stock worth $52,196,000 after purchasing an additional 10,095 shares in the last quarter. Finally, Legacy Financial Group LLC raised its holdings in SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock worth $49,850,000 after purchasing an additional 3,088 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $138.29 on Friday. The business’s fifty day moving average is $133.71 and its 200 day moving average is $137.74. The company has a market capitalization of $20.69 billion, a PE ratio of 21.48 and a beta of 0.88. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two week high of $144.45.

SPDR S&P Dividend ETF 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.