Nichols & Pratt Advisers LLP MA Takes $203,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Nichols & Pratt Advisers LLP MA bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,625 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC acquired a new stake in SPDR S&P Dividend ETF during the 3rd quarter worth $568,000. TIAA Trust National Association acquired a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $1,324,000. First Horizon Advisors Inc. increased its stake in SPDR S&P Dividend ETF by 0.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 41,114 shares of the company’s stock worth $4,729,000 after purchasing an additional 177 shares in the last quarter. Assetmark Inc. raised its holdings in SPDR S&P Dividend ETF by 428.6% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock worth $43,000 after buying an additional 300 shares during the period. Finally, MWA Asset Management bought a new position in SPDR S&P Dividend ETF in the third quarter valued at approximately $625,000.

SPDR S&P Dividend ETF Stock Up 0.8 %

Shares of NYSEARCA:SDY traded up $1.07 during mid-day trading on Thursday, reaching $130.97. 390,952 shares of the stock were exchanged, compared to its average volume of 366,443. The company has a market cap of $20.72 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $131.67. The stock’s 50 day simple moving average is $128.13 and its 200-day simple moving average is $123.60.

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.