Independent Financial Group LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) during the first quarter, Holdings Channel.com reports. The fund acquired 14,252 shares of the company’s stock, valued at approximately $2,080,000.
Other large investors have also added to or reduced their stakes in the company. Park National Corp OH purchased a new position in SPDR S&P Dividend ETF during the 1st quarter valued at about $28,000. MBM Wealth Consultants LLC bought a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at about $34,000. Ankerstar Wealth LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $34,000. Finally, Syntax Research Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $35,000. Institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Trading Down 0.6%
SDY stock opened at $154.81 on Friday. The firm has a 50 day moving average of $151.02 and a 200-day moving average of $149.25. The firm has a market capitalization of $21.74 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $157.66.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
Read More
- Five stocks we like better than SPDR S&P Dividend ETF
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report).
Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.
