Purkiss Capital Advisors LLC Purchases New Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Purkiss Capital Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,563 shares of the company’s stock, valued at approximately $735,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avion Wealth boosted its stake in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after buying an additional 125 shares during the period. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $31,000. Finally, Noble Wealth Management PBC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $32,000.

SPDR S&P Dividend ETF Trading Up 1.3 %

NYSEARCA:SDY opened at $138.29 on Friday. The stock’s 50 day simple moving average is $133.71 and its 200-day simple moving average is $137.74. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The firm has a market cap of $20.69 billion, a P/E ratio of 21.48 and a beta of 0.88.

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.