Wetzel Investment Advisors Inc. Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wetzel Investment Advisors Inc. bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,151 shares of the company’s stock, valued at approximately $894,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SDY. Barclays PLC acquired a new position in shares of SPDR S&P Dividend ETF during the first quarter worth about $25,000. Russell Investments Group Ltd. acquired a new position in shares of SPDR S&P Dividend ETF during the second quarter worth about $27,000. Friedenthal Financial acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $29,000. Live Oak Investment Partners acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $36,000.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock traded up $1.14 during mid-day trading on Friday, reaching $126.79. The company had a trading volume of 219,807 shares, compared to its average volume of 390,683. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $131.67. The company has a market capitalization of $20.17 billion, a P/E ratio of 19.41 and a beta of 0.73. The stock’s 50-day simple moving average is $127.13 and its 200-day simple moving average is $122.21.

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.