Cambridge Capital Management LLC Acquires New Stake in SPDR S&P Dividend ETF $SDY

Cambridge Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, Holdings Channel reports. The firm acquired 7,160 shares of the company’s stock, valued at approximately $972,000. SPDR S&P Dividend ETF accounts for 0.5% of Cambridge Capital Management LLC’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of SDY. Insight Inv LLC acquired a new stake in SPDR S&P Dividend ETF in the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in SPDR S&P Dividend ETF during the second quarter valued at $40,000. Private Wealth Asset Management LLC boosted its position in SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after acquiring an additional 274 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in SPDR S&P Dividend ETF during the first quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the first quarter valued at $50,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Down 0.3%

Shares of SDY opened at $139.81 on Thursday. The stock has a market capitalization of $20.14 billion, a P/E ratio of 19.85 and a beta of 0.86. The firm’s fifty day simple moving average is $140.07 and its two-hundred day simple moving average is $136.41. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45.

About SPDR S&P Dividend ETF

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.