Gerber Kawasaki Wealth & Investment Management Has $1.31 Million Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,551 shares of the company’s stock after buying an additional 1,084 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Dividend ETF were worth $1,305,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SDY. AlphaCore Capital LLC purchased a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $25,000. Barclays PLC purchased a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $25,000. Silicon Valley Capital Partners purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $28,000. Millburn Ridgefield Corp boosted its position in shares of SPDR S&P Dividend ETF by 515.0% during the first quarter. Millburn Ridgefield Corp now owns 246 shares of the company’s stock valued at $30,000 after buying an additional 206 shares during the last quarter. Finally, Beacon Capital Management Inc. bought a new stake in SPDR S&P Dividend ETF during the first quarter worth $31,000.

SPDR S&P Dividend ETF Trading Down 0.1 %

Shares of SPDR S&P Dividend ETF stock opened at $120.44 on Wednesday. The business’s fifty day simple moving average is $123.13 and its 200 day simple moving average is $122.53. The firm has a market capitalization of $21.44 billion, a P/E ratio of 14.72 and a beta of 0.86. SPDR S&P Dividend ETF has a 12 month low of $110.55 and a 12 month high of $132.50.

SPDR S&P Dividend ETF 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.