Y Intercept Hong Kong Ltd raised its position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 347.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,277 shares of the company’s stock after buying an additional 7,979 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SPDR S&P Dividend ETF were worth $1,500,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Park National Corp OH bought a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth $28,000. Delos Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at about $29,000. MBM Wealth Consultants LLC bought a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at about $34,000. Ankerstar Wealth LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Price Performance
NYSEARCA:SDY traded up $1.23 on Friday, reaching $154.36. 174,951 shares of the company’s stock were exchanged, compared to its average volume of 258,363. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $156.82. The stock has a fifty day simple moving average of $150.48 and a 200-day simple moving average of $148.76.
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.
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