McElhenny Sheffield Capital Management LLC Makes New $58,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

McElhenny Sheffield Capital Management LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 460 shares of the company’s stock, valued at approximately $58,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SDY. MinichMacGregor Wealth Management LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $25,000. Oxford Financial Group Ltd. acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter worth about $34,000. Heritage Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at about $34,000. Vectors Research Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at about $36,000. Finally, Cribstone Capital Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at about $54,000.

SPDR S&P Dividend ETF Trading Down 1.7 %

Shares of SDY stock opened at $118.75 on Friday. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 14.72 and a beta of 0.86. The stock has a 50-day moving average of $126.96 and a 200-day moving average of $124.36. SPDR S&P Dividend ETF has a 1-year low of $110.55 and a 1-year high of $133.22.

SPDR S&P Dividend ETF Company Profile

(Get Rating)

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.