Cove Private Wealth LLC Buys New Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cove Private Wealth LLC acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,138 shares of the company’s stock, valued at approximately $943,000.

A number of other institutional investors have also recently modified their holdings of SDY. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in SPDR S&P Dividend ETF by 5.5% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,678 shares of the company’s stock valued at $1,014,000 after purchasing an additional 401 shares in the last quarter. Zhang Financial LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $2,214,000. MassMutual Private Wealth & Trust FSB lifted its stake in SPDR S&P Dividend ETF by 23.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,451 shares of the company’s stock valued at $192,000 after buying an additional 277 shares in the last quarter. Smart Money Group LLC boosted its holdings in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Smart Money Group LLC now owns 12,547 shares of the company’s stock worth $1,658,000 after buying an additional 86 shares during the last quarter. Finally, Kaydan Wealth Management Inc. increased its stake in SPDR S&P Dividend ETF by 2.0% during the 4th quarter. Kaydan Wealth Management Inc. now owns 5,055 shares of the company’s stock worth $668,000 after buying an additional 98 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $133.77 on Monday. The stock’s 50 day simple moving average is $136.76 and its 200-day simple moving average is $137.00. The company has a market cap of $21.16 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $121.52 and a 1-year high of $144.45.

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.