Pines Wealth Management LLC Invests $2.01 Million in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pines Wealth Management LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 15,639 shares of the company’s stock, valued at approximately $2,013,000. SPDR S&P Dividend ETF accounts for 0.9% of Pines Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter worth about $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $32,000. Assetmark Inc. increased its stake in shares of SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF during the third quarter worth approximately $41,000.

SPDR S&P Dividend ETF Trading Up 0.9 %

Shares of SDY opened at $131.09 on Wednesday. The firm has a market cap of $20.74 billion, a P/E ratio of 19.72 and a beta of 0.68. The stock’s 50 day moving average is $137.25 and its two-hundred day moving average is $136.94. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month 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.