Family Asset Management LLC Purchases 10,592 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Family Asset Management LLC lifted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2,463.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,022 shares of the company’s stock after acquiring an additional 10,592 shares during the quarter. SPDR S&P Dividend ETF accounts for approximately 0.9% of Family Asset Management LLC’s investment portfolio, making the stock its 26th largest holding. Family Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its position in SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Apollon Wealth Management LLC now owns 19,888 shares of the company’s stock valued at $2,485,000 after acquiring an additional 146 shares in the last quarter. NTV Asset Management LLC grew its stake in SPDR S&P Dividend ETF by 7.3% in the fourth quarter. NTV Asset Management LLC now owns 3,327 shares of the company’s stock valued at $416,000 after purchasing an additional 227 shares during the last quarter. National Bank of Canada FI raised its holdings in SPDR S&P Dividend ETF by 0.3% in the fourth quarter. National Bank of Canada FI now owns 46,874 shares of the company’s stock worth $5,876,000 after purchasing an additional 144 shares in the last quarter. TCG Advisory Services LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter worth about $283,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $204,000.

SPDR S&P Dividend ETF Stock Up 0.5 %

Shares of SPDR S&P Dividend ETF stock traded up $0.59 on Monday, reaching $129.19. The stock had a trading volume of 170,760 shares, compared to its average volume of 368,245. The stock has a market capitalization of $20.44 billion, a P/E ratio of 19.72 and a beta of 0.68. The company has a 50 day moving average price of $127.95 and a 200 day moving average price of $123.43. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $131.67.

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.