Rockbridge Investment Management LCC Makes New $303,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Rockbridge Investment Management LCC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,291 shares of the company’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SDY. N.E.W. Advisory Services LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock valued at $914,000 after purchasing an additional 76 shares during the last quarter. Avidian Wealth Enterprises LLC grew its position in SPDR S&P Dividend ETF by 4.9% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock worth $214,000 after purchasing an additional 76 shares in the last quarter. Good Life Advisors LLC increased its stake in SPDR S&P Dividend ETF by 1.4% in the 4th quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock valued at $748,000 after buying an additional 79 shares during the last quarter. Rebalance LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Rebalance LLC now owns 10,955 shares of the company’s stock worth $1,447,000 after buying an additional 85 shares in the last quarter. Finally, Smart Money Group LLC boosted its stake in shares of SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Smart Money Group LLC now owns 12,547 shares of the company’s stock worth $1,658,000 after buying an additional 86 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.8 %

SDY stock opened at $134.79 on Thursday. The business has a 50 day moving average of $135.12 and a 200-day moving average of $137.47. The firm has a market cap of $20.06 billion, a PE ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45.

SPDR S&P Dividend ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a $0.8184 dividend. The ex-dividend date was Monday, March 24th.

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.