Quantinno Capital Management LP raised its position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 133.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,988 shares of the company’s stock after purchasing an additional 10,855 shares during the period. Quantinno Capital Management LP’s holdings in SPDR S&P Dividend ETF were worth $2,771,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. World Investment Advisors raised its holdings in SPDR S&P Dividend ETF by 9.2% in the 4th quarter. World Investment Advisors now owns 80,205 shares of the company’s stock valued at $11,161,000 after acquiring an additional 6,744 shares during the last quarter. Dara Capital US Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $509,000. M&T Bank Corp lifted its stake in shares of SPDR S&P Dividend ETF by 8.0% during the 4th quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock worth $13,634,000 after purchasing an additional 7,228 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of SPDR S&P Dividend ETF by 121.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock worth $2,458,000 after purchasing an additional 9,657 shares during the last quarter. Finally, Ticino Wealth acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $602,000. 43.42% of the stock is owned by institutional investors and hedge funds.
SPDR S&P Dividend ETF Price Performance
Shares of NYSEARCA:SDY opened at $157.83 on Monday. The company has a market cap of $23.90 billion, a P/E ratio of 19.85 and a beta of 0.69. The business has a fifty day simple moving average of $153.25 and a 200-day simple moving average of $150.70. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $160.29.
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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