Russell Investments Group Ltd. Increases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Russell Investments Group Ltd. grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 102.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,671 shares of the company’s stock after acquiring an additional 844 shares during the period. Russell Investments Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Avion Wealth increased its position in SPDR S&P Dividend ETF by 164.5% during the 4th 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 purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth $31,000. Noble Wealth Management PBC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $32,000. Rialto Wealth Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth $34,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $38,000.

SPDR S&P Dividend ETF Stock Up 0.5 %

Shares of NYSEARCA SDY opened at $130.49 on Friday. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 20.17 and a beta of 0.80. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The firm has a 50-day moving average price of $132.96 and a 200 day moving average price of $135.74.

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.