SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 33.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,162 shares of the company’s stock after acquiring an additional 1,536 shares during the period. Concurrent Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $814,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Avion Wealth increased its stake in SPDR S&P Dividend ETF by 164.5% in the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $31,000. Kestra Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $31,000. JNBA Financial Advisors purchased a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $32,000. Finally, Assetmark Inc. boosted its stake in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Down 0.1 %

Shares of NYSEARCA:SDY opened at $136.54 on Monday. The company’s fifty day moving average is $133.42 and its two-hundred day moving average is $137.63. The company has a market cap of $21.60 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45.

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.