Denver Wealth Management Inc. Purchases 524 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Denver Wealth Management Inc. grew its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,890 shares of the company’s stock after buying an additional 524 shares during the period. SPDR S&P Dividend ETF makes up 1.9% of Denver Wealth Management Inc.’s holdings, making the stock its 13th biggest position. Denver Wealth Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SDY. Ritholtz Wealth Management boosted its holdings in shares of SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after purchasing an additional 505 shares in the last quarter. Key Client Fiduciary Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 3.7% in the third quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after buying an additional 98 shares in the last quarter. Franklin Resources Inc. grew its position in SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after acquiring an additional 1,222 shares during the last quarter. CX Institutional lifted its holdings in shares of SPDR S&P Dividend ETF by 4.0% in the third quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after acquiring an additional 2,580 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of SPDR S&P Dividend ETF by 2.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock valued at $12,387,000 after purchasing an additional 2,705 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $134.50 on Wednesday. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company has a 50 day simple moving average of $136.02 and a 200 day simple moving average of $137.39. SPDR S&P Dividend ETF has a 1 year low of $121.52 and a 1 year high of $144.45.

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.