Kaydan Wealth Management Inc. Purchases 98 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kaydan Wealth Management Inc. grew its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 5,055 shares of the company’s stock after acquiring an additional 98 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDY. Coston McIsaac & Partners lifted its stake in SPDR S&P Dividend ETF by 0.5% in the third quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock worth $2,058,000 after purchasing an additional 72 shares during the last quarter. Marshall Financial Group LLC lifted its stake in shares of SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after acquiring an additional 73 shares during the last quarter. Roger Wittlin Investment Advisory LLC boosted its holdings in SPDR S&P Dividend ETF by 0.6% during the 3rd quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock valued at $1,861,000 after acquiring an additional 73 shares during the period. WealthBridge Capital Management LLC grew its position in SPDR S&P Dividend ETF by 1.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after acquiring an additional 75 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in SPDR S&P Dividend ETF by 2.1% in the 3rd quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after purchasing an additional 76 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $133.77 on Monday. The company has a market capitalization of $21.16 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45. The stock has a 50 day moving average price of $136.76 and a two-hundred day moving average price of $137.00.

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.