Elevation Point Wealth Partners LLC Has $6.23 Million Stock Holdings in SPDR S&P Dividend ETF $SDY

Elevation Point Wealth Partners LLC lifted its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 42,688 shares of the company’s stock after acquiring an additional 11,075 shares during the period. Elevation Point Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $6,230,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Godsey & Gibb Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 4.0% in the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock worth $268,000 after acquiring an additional 70 shares in the last quarter. Golden State Wealth Management LLC grew its position in SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after acquiring an additional 71 shares during the last quarter. Ritholtz Wealth Management increased its holdings in SPDR S&P Dividend ETF by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after purchasing an additional 71 shares in the last quarter. Keel Point LLC increased its holdings in SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Keel Point LLC now owns 3,499 shares of the company’s stock valued at $490,000 after purchasing an additional 76 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock valued at $1,507,000 after purchasing an additional 80 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $155.67 on Friday. The firm has a market cap of $21.89 billion, a P/E ratio of 19.85 and a beta of 0.69. The business’s fifty day moving average is $149.89 and its two-hundred day moving average is $148.30. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $156.39.

About SPDR S&P Dividend ETF

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.