Parallel Advisors LLC lifted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 165.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,864 shares of the company’s stock after buying an additional 4,277 shares during the quarter. Parallel Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of SDY. Brighton Jones LLC boosted its holdings in SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after acquiring an additional 14,829 shares during the period. AQR Capital Management LLC grew its position in shares of SPDR S&P Dividend ETF by 49.5% in the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after purchasing an additional 2,627 shares during the last quarter. First Trust Advisors LP increased its stake in shares of SPDR S&P Dividend ETF by 30.4% in the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after purchasing an additional 7,493 shares during the period. NewEdge Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 3.5% in the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after purchasing an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. lifted its position 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 worth $425,298,000 after purchasing an additional 119,562 shares during the last quarter. 43.42% of the stock is owned by institutional investors.
SPDR S&P Dividend ETF Stock Up 0.6%
Shares of NYSEARCA:SDY opened at $157.83 on Friday. The business has a 50 day moving average price of $153.25 and a 200 day moving average price of $150.68. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $160.29. The company has a market cap of $23.90 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.
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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