Segall Bryant & Hamill LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,438 shares of the company’s stock, valued at approximately $1,560,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Park National Corp OH bought a new stake in SPDR S&P Dividend ETF during the first quarter valued at about $28,000. Ankerstar Wealth LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Dividend ETF in the fourth quarter worth about $34,000. MBM Wealth Consultants LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at about $34,000. Finally, Syntax Research Inc. purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $35,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Stock Performance
NYSEARCA:SDY opened at $157.23 on Wednesday. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The stock has a market capitalization of $23.80 billion, a P/E ratio of 19.85 and a beta of 0.69. The company’s 50-day simple moving average is $152.80 and its 200-day simple moving average is $150.48.
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.
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