Rialto Wealth Management LLC Takes $34,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Rialto Wealth Management LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 258 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds also recently added to or reduced their stakes in SDY. Roger Wittlin Investment Advisory LLC lifted its position in SPDR S&P Dividend ETF by 0.6% in the 3rd quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock valued at $1,861,000 after purchasing an additional 73 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock valued at $914,000 after buying an additional 76 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its position in shares of SPDR S&P Dividend ETF by 4.9% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock worth $214,000 after buying an additional 76 shares during the period. Good Life Advisors LLC boosted its position in shares of SPDR S&P Dividend ETF by 1.4% during the fourth quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock worth $748,000 after buying an additional 79 shares during the period. Finally, Smart Money Group LLC grew its holdings in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Smart Money Group LLC now owns 12,547 shares of the company’s stock worth $1,658,000 after buying an additional 86 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $138.67 on Monday. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The business’s fifty day moving average price is $134.10 and its two-hundred day moving average price is $137.80. The company has a market capitalization of $20.75 billion, a P/E ratio of 21.48 and a beta of 0.88.

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.