SPDR S&P Dividend ETF $SDY Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 55.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,444 shares of the company’s stock after acquiring an additional 1,593 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in SPDR S&P Dividend ETF were worth $603,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SDY. Rebalance LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.7% in the second quarter. Rebalance LLC now owns 11,098 shares of the company’s stock valued at $1,506,000 after purchasing an additional 76 shares during the period. Summit X LLC grew its position in SPDR S&P Dividend ETF by 4.2% in the 1st quarter. Summit X LLC now owns 1,932 shares of the company’s stock valued at $262,000 after buying an additional 77 shares during the last quarter. Wealth Advisory Solutions LLC grew its position in SPDR S&P Dividend ETF by 3.1% in the 2nd quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock valued at $351,000 after buying an additional 78 shares during the last quarter. Focus Financial Network Inc. increased its stake in SPDR S&P Dividend ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock valued at $2,112,000 after buying an additional 81 shares during the period. Finally, HTG Investment Advisors Inc. raised its position in SPDR S&P Dividend ETF by 2.6% during the 2nd quarter. HTG Investment Advisors Inc. now owns 3,265 shares of the company’s stock worth $443,000 after buying an additional 82 shares during the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $138.54 on Wednesday. The stock has a market capitalization of $19.92 billion, a PE ratio of 19.85 and a beta of 0.79. The company has a fifty day moving average of $139.10 and a 200-day moving average of $137.57. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45.

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.