Savvy Advisors Inc. Invests $2.64 Million in SPDR S&P Dividend ETF $SDY

Savvy Advisors Inc. bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,001 shares of the company’s stock, valued at approximately $2,644,000.

Several other institutional investors also recently bought and sold shares of SDY. CVA Family Office LLC grew its position in SPDR S&P Dividend ETF by 60.0% during the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC lifted its position in SPDR S&P Dividend ETF by 625.0% in the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc bought a new stake in SPDR S&P Dividend ETF in the third quarter valued at approximately $29,000. Delos Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $29,000. Finally, Global Wealth Strategies & Associates boosted its stake in shares of SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 197 shares during the period. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $146.12 on Monday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $156.39. The company’s 50 day moving average price is $150.37 and its 200-day moving average price is $143.70. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.