Westside Investment Management Inc. Purchases 1,125 Shares of SPDR S&P Dividend ETF $SDY

Westside Investment Management Inc. grew its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 35,175 shares of the company’s stock after buying an additional 1,125 shares during the period. SPDR S&P Dividend ETF makes up about 0.9% of Westside Investment Management Inc.’s holdings, making the stock its 27th biggest holding. Westside Investment Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Inv LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the second quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of SPDR S&P Dividend ETF in the second quarter worth approximately $40,000. Private Wealth Asset Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 1,245.5% in the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock worth $40,000 after purchasing an additional 274 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth approximately $45,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth approximately $50,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Down 0.1%

Shares of SPDR S&P Dividend ETF stock opened at $137.22 on Monday. The company has a market cap of $19.74 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The business has a 50 day moving average price of $139.73 and a 200-day moving average price of $137.21.

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.