Avidian Wealth Enterprises LLC Makes New $219,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Avidian Wealth Enterprises LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,541 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also made changes to their positions in SDY. Russell Investments Group Ltd. raised its stake in SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the second quarter worth $38,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at about $42,000.

SPDR S&P Dividend ETF Stock Down 0.2 %

SPDR S&P Dividend ETF stock opened at $140.64 on Friday. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business’s 50-day moving average price is $140.45 and its 200 day moving average price is $134.14. SPDR S&P Dividend ETF has a 52 week low of $113.20 and a 52 week high of $144.06.

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.