Tyche Wealth Partners LLC Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tyche Wealth Partners LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,696 shares of the company’s stock, valued at approximately $837,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Barclays PLC acquired a new stake in SPDR S&P Dividend ETF during the first quarter valued at $25,000. Russell Investments Group Ltd. acquired a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $27,000. Friedenthal Financial purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $29,000. Live Oak Investment Partners purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $36,000.

SPDR S&P Dividend ETF Trading Down 0.6 %

SDY traded down $0.76 during midday trading on Tuesday, hitting $124.60. 256,915 shares of the company traded hands, compared to its average volume of 397,408. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $131.67. The business has a 50 day simple moving average of $126.95 and a two-hundred day simple moving average of $122.01. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73.

SPDR S&P Dividend ETF Company 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.