WESPAC Advisors LLC Acquires New Position in SPDR S&P Dividend ETF $SDY

WESPAC Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,641 shares of the company’s stock, valued at approximately $510,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in SPDR S&P Dividend ETF by 125.3% during the second quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock worth $197,008,000 after purchasing an additional 7,179,596 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 851.4% during the second quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock worth $25,477,000 after purchasing an additional 167,975 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of SPDR S&P Dividend ETF by 35.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 574,419 shares of the company’s stock worth $77,966,000 after buying an additional 148,984 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 70.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after buying an additional 143,853 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after acquiring an additional 119,562 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $144.43 on Wednesday. The firm has a market capitalization of $20.55 billion, a P/E ratio of 19.85 and a beta of 0.79. The business has a 50 day simple moving average of $139.76 and a 200 day simple moving average of $139.48. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.83.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.