Wolff Financial Management LLC grew its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,175 shares of the company’s stock after acquiring an additional 6,936 shares during the quarter. SPDR S&P Dividend ETF comprises about 8.0% of Wolff Financial Management LLC’s holdings, making the stock its 4th largest position. Wolff Financial Management LLC owned 0.18% of SPDR S&P Dividend ETF worth $35,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. increased its stake in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd 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 last quarter. Joel Isaacson & Co. LLC raised its holdings in SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after buying an additional 121,368 shares during the period. UBS Group AG raised its holdings in SPDR S&P Dividend ETF by 10.5% in the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after buying an additional 165,053 shares during the period. MAI Capital Management raised its holdings in SPDR S&P Dividend ETF by 0.7% in the third quarter. MAI Capital Management now owns 772,382 shares of the company’s stock valued at $108,172,000 after buying an additional 5,300 shares during the period. Finally, Pathstone Holdings LLC raised its holdings in SPDR S&P Dividend ETF by 1.1% in the third quarter. Pathstone Holdings LLC now owns 768,592 shares of the company’s stock valued at $107,641,000 after buying an additional 8,380 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Performance
NYSEARCA SDY opened at $147.81 on Tuesday. SPDR S&P Dividend ETF has a one year low of $131.96 and a one year high of $156.39. The company’s 50 day moving average price is $147.51 and its 200 day moving average price is $145.43. The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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