Kraft Davis & Associates LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) in the second quarter, Holdings Channel.com reports. The firm bought 1,525 shares of the company’s stock, valued at approximately $212,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mine & Arao Wealth Creation & Management LLC. lifted its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 36,851 shares of the company’s stock worth $5,002,000 after acquiring an additional 220 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $532,000. Semitam Bonam LLC bought a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $827,000. Mutual Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 2.4% in the 2nd quarter. Mutual Advisors LLC now owns 16,360 shares of the company’s stock valued at $2,288,000 after purchasing an additional 390 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in SPDR S&P Dividend ETF by 9.6% in the 2nd quarter. Ritholtz Wealth Management now owns 5,388 shares of the company’s stock valued at $731,000 after purchasing an additional 473 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Price Performance
Shares of NYSEARCA:SDY opened at $138.31 on Friday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. The firm has a 50 day simple moving average of $140.05 and a 200 day simple moving average of $136.20.
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.
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