Elevation Point Wealth Partners LLC Invests $3.94 Million in SPDR S&P Dividend ETF $SDY

Elevation Point Wealth Partners LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,143 shares of the company’s stock, valued at approximately $3,941,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ausdal Financial Partners Inc. grew its stake in shares of SPDR S&P Dividend ETF by 16.5% during the third quarter. Ausdal Financial Partners Inc. now owns 7,997 shares of the company’s stock worth $1,120,000 after buying an additional 1,135 shares during the last quarter. Alliancebernstein L.P. grew its holdings in SPDR S&P Dividend ETF by 3.9% in the third quarter. Alliancebernstein L.P. now owns 62,406 shares of the company’s stock worth $8,740,000 after purchasing an additional 2,335 shares during the period. Prairie Wealth Advisors Inc. grew its stake in SPDR S&P Dividend ETF by 10.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 2,896 shares of the company’s stock valued at $406,000 after acquiring an additional 264 shares during the period. TRUE Private Wealth Advisors acquired a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter worth about $2,264,000. Finally, Equitable Holdings Inc. raised its position in SPDR S&P Dividend ETF by 7.6% in the 3rd quarter. Equitable Holdings Inc. now owns 125,712 shares of the company’s stock valued at $17,606,000 after buying an additional 8,928 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.2%

SDY stock opened at $148.56 on Friday. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $156.39. The business has a 50 day moving average of $150.03 and a 200-day moving average of $143.12. The firm has a market cap of $21.07 billion, a PE ratio of 19.85 and a beta of 0.79.

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