Creekmur Asset Management LLC Buys New Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Creekmur Asset Management LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,950 shares of the company’s stock, valued at approximately $1,493,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. Transcendent Capital Group LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $181,000. Goldman Sachs Group Inc. raised its stake in shares of SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 427,206 shares of the company’s stock valued at $53,388,000 after purchasing an additional 3,328 shares in the last quarter. Pineridge Advisors LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter worth $63,000. Scarborough Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter worth $30,000. Finally, Centaurus Financial Inc. increased its holdings in SPDR S&P Dividend ETF by 307.2% in the 4th quarter. Centaurus Financial Inc. now owns 16,697 shares of the company’s stock valued at $2,087,000 after buying an additional 12,597 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock traded down $0.57 during mid-day trading on Friday, reaching $127.73. The company’s stock had a trading volume of 164,270 shares, compared to its average volume of 340,947. The firm’s 50-day moving average is $128.86 and its two-hundred day moving average is $126.40. The company has a market cap of $20.21 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $132.49.

SPDR S&P Dividend ETF 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.