Ticino Wealth Takes $602,000 Position in SPDR S&P Dividend ETF $SDY

Ticino Wealth bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,327 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Corp purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth approximately $5,486,000. Dara Capital US Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $509,000. Signal Advisors Wealth LLC purchased a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $539,000. Focus Partners Advisor Solutions LLC boosted its stake in SPDR S&P Dividend ETF by 71.9% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 9,820 shares of the company’s stock worth $1,365,000 after purchasing an additional 4,109 shares during the period. Finally, OLD National Bancorp IN grew its position in SPDR S&P Dividend ETF by 251.3% during the 3rd quarter. OLD National Bancorp IN now owns 5,406 shares of the company’s stock worth $757,000 after purchasing an additional 3,867 shares during the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $149.10 on Tuesday. SPDR S&P Dividend ETF has a fifty-two week low of $126.08 and a fifty-two week high of $156.39. The firm has a 50-day simple moving average of $149.90 and a 200-day simple moving average of $144.35. The company has a market capitalization of $21.08 billion, a price-to-earnings ratio of 19.85 and a beta of 0.74.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.