Torrey Payne Wealth Management LLC Makes New Investment in SPDR S&P Dividend ETF $SDY

Torrey Payne Wealth Management LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,401 shares of the company’s stock, valued at approximately $5,341,000. SPDR S&P Dividend ETF accounts for about 4.8% of Torrey Payne Wealth Management LLC’s portfolio, making the stock its 9th largest position.

Several other large investors also recently modified their holdings of SDY. Golden State Wealth Management LLC grew its position in shares of SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after purchasing an additional 71 shares during the period. Keel Point LLC raised 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 worth $490,000 after buying an additional 76 shares during the period. Trust Co. of Vermont raised its holdings in SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock worth $1,507,000 after buying an additional 80 shares during the period. Operose Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 8.1% in the fourth quarter. Operose Advisors LLC now owns 1,075 shares of the company’s stock valued at $150,000 after buying an additional 81 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its stake in SPDR S&P Dividend ETF by 0.3% in the fourth quarter. Charles Schwab Trust Co now owns 29,980 shares of the company’s stock valued at $4,172,000 after buying an additional 82 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 0.1%

SPDR S&P Dividend ETF stock opened at $150.50 on Friday. The stock has a market capitalization of $22.03 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a twelve month low of $132.89 and a twelve month high of $156.39. The company has a 50 day moving average of $148.91 and a 200-day moving average of $147.40.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.