SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,888 shares of the company’s stock after acquiring an additional 146 shares during the period. Apollon Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $2,485,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SDY. NTV Asset Management LLC increased its stake in shares of SPDR S&P Dividend ETF by 7.3% in the fourth quarter. NTV Asset Management LLC now owns 3,327 shares of the company’s stock worth $416,000 after buying an additional 227 shares during the last quarter. National Bank of Canada FI grew its stake in SPDR S&P Dividend ETF by 0.3% during the 4th quarter. National Bank of Canada FI now owns 46,874 shares of the company’s stock worth $5,876,000 after buying an additional 144 shares during the last quarter. TCG Advisory Services LLC bought a new position in SPDR S&P Dividend ETF during the 4th quarter worth $283,000. Vestmark Advisory Solutions Inc. bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $204,000. Finally, Merit Financial Group LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 11.9% in the fourth quarter. Merit Financial Group LLC now owns 17,118 shares of the company’s stock valued at $2,139,000 after buying an additional 1,827 shares during the period.

SPDR S&P Dividend ETF Stock Up 0.5 %

Shares of NYSEARCA SDY traded up $0.69 during mid-day trading on Tuesday, hitting $129.88. 201,595 shares of the company traded hands, compared to its average volume of 366,350. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $131.67. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business has a 50 day moving average of $127.95 and a two-hundred day moving average of $123.43.

About SPDR S&P Dividend ETF

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.