342 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Purchased by Bare Financial Services Inc

Bare Financial Services Inc acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 342 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds have also recently bought and sold shares of SDY. Friedenthal Financial purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $36,000. Cardiff Park Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 43.9% during the 3rd quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock worth $38,000 after purchasing an additional 100 shares in the last quarter. Assetmark Inc. raised its stake in shares of SPDR S&P Dividend ETF by 428.6% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock worth $43,000 after purchasing an additional 300 shares in the last quarter. Finally, West Oak Capital LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $53,000.

SPDR S&P Dividend ETF Stock Up 0.5 %

Shares of SDY traded up $0.69 during midday trading on Thursday, reaching $128.08. 237,493 shares of the stock were exchanged, compared to its average volume of 372,646. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $131.67. The firm has a 50 day simple moving average of $127.75 and a 200-day simple moving average of $123.06. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.