Glassman Wealth Services Increases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Glassman Wealth Services boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,386 shares of the company’s stock after buying an additional 303 shares during the quarter. Glassman Wealth Services’ holdings in SPDR S&P Dividend ETF were worth $673,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV boosted its stake in shares of SPDR S&P Dividend ETF by 20.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,389 shares of the company’s stock valued at $299,000 after purchasing an additional 412 shares during the period. H&H Retirement Design & Management INC boosted its stake in shares of SPDR S&P Dividend ETF by 6.1% in the fourth quarter. H&H Retirement Design & Management INC now owns 8,956 shares of the company’s stock valued at $1,104,000 after purchasing an additional 514 shares during the period. Congress Wealth Management LLC DE boosted its stake in shares of SPDR S&P Dividend ETF by 31.7% in the fourth quarter. Congress Wealth Management LLC DE now owns 10,463 shares of the company’s stock valued at $1,308,000 after purchasing an additional 2,516 shares during the period. Hoylecohen LLC boosted its stake in shares of SPDR S&P Dividend ETF by 10.0% in the fourth quarter. Hoylecohen LLC now owns 3,385 shares of the company’s stock valued at $423,000 after purchasing an additional 308 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $27,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY traded up $0.36 during midday trading on Friday, hitting $129.52. The company’s stock had a trading volume of 418,347 shares, compared to its average volume of 355,844. The business’s fifty day simple moving average is $129.04 and its two-hundred day simple moving average is $125.17. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $132.49. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.