IFG Advisory LLC Increases Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

IFG Advisory LLC boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,897 shares of the company’s stock after acquiring an additional 1,224 shares during the quarter. IFG Advisory LLC’s holdings in SPDR S&P Dividend ETF were worth $4,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC purchased a new stake in SPDR S&P Dividend ETF in the first quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth about $27,000. Live Oak Investment Partners purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth about $34,000. West Tower Group LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth about $38,000. Finally, Cornerstone Planning Group LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth about $39,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $130.89 on Thursday. The stock has a market cap of $23.30 billion, a PE ratio of 14.72 and a beta of 0.86. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $130.89. The firm’s 50-day simple moving average is $125.43 and its two-hundred day simple moving average is $120.96.

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.