Stablepoint Partners LLC Has $4.59 Million Stock Position in SPDR S&P Dividend ETF $SDY

Stablepoint Partners LLC raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 103.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,006 shares of the company’s stock after buying an additional 16,757 shares during the quarter. Stablepoint Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $4,593,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Flagstar Advisors Inc. boosted its holdings in SPDR S&P Dividend ETF by 1.8% in the 4th quarter. Flagstar Advisors Inc. now owns 8,016 shares of the company’s stock valued at $1,116,000 after purchasing an additional 140 shares during the period. Signal Advisors Wealth LLC increased its holdings in shares of SPDR S&P Dividend ETF by 67.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 6,444 shares of the company’s stock worth $897,000 after purchasing an additional 2,593 shares during the period. Sax Wealth Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 39.7% during the 4th quarter. Sax Wealth Advisors LLC now owns 2,034 shares of the company’s stock worth $283,000 after purchasing an additional 578 shares during the period. Private Wealth Group LLC raised its position in shares of SPDR S&P Dividend ETF by 3.0% during the fourth quarter. Private Wealth Group LLC now owns 50,071 shares of the company’s stock valued at $6,968,000 after buying an additional 1,449 shares during the last quarter. Finally, Lanham O Dell & Company Inc. raised its position in shares of SPDR S&P Dividend ETF by 9.2% during the fourth quarter. Lanham O Dell & Company Inc. now owns 217,246 shares of the company’s stock valued at $30,232,000 after buying an additional 18,279 shares during the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $145.28 on Friday. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $156.39. The stock has a market cap of $20.60 billion, a PE ratio of 19.85 and a beta of 0.79. The firm has a 50-day simple moving average of $150.49 and a 200 day simple moving average of $143.42.

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.