Roger Wittlin Investment Advisory LLC Boosts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Roger Wittlin Investment Advisory LLC raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,455 shares of the company’s stock after purchasing an additional 355 shares during the quarter. SPDR S&P Dividend ETF accounts for about 1.0% of Roger Wittlin Investment Advisory LLC’s portfolio, making the stock its 18th largest position. Roger Wittlin Investment Advisory LLC’s holdings in SPDR S&P Dividend ETF were worth $1,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avion Wealth increased its stake in SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Kestra Investment Management LLC bought a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at about $31,000. Noble Wealth Management PBC purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $32,000. Rialto Wealth Management LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $34,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $38,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $136.08 on Thursday. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 20.96 and a beta of 0.80. The stock has a 50 day moving average price of $135.27 and a 200 day moving average price of $137.33.

SPDR S&P Dividend ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a dividend of $0.8184 per share. The ex-dividend date was Monday, March 24th.

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.