Investment Partners LTD. raised its position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 118.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 33,944 shares of the company’s stock after buying an additional 18,435 shares during the period. Investment Partners LTD.’s holdings in SPDR S&P Dividend ETF were worth $4,972,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Noesis Capital Mangement Corp boosted its stake in shares of SPDR S&P Dividend ETF by 1.3% during the third quarter. Noesis Capital Mangement Corp now owns 5,157 shares of the company’s stock valued at $755,000 after purchasing an additional 64 shares in the last quarter. Bangor Savings Bank grew its holdings in shares of SPDR S&P Dividend ETF by 5.6% during the second quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock worth $225,000 after purchasing an additional 79 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in shares of SPDR S&P Dividend ETF by 3.9% in the first quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock valued at $312,000 after buying an additional 80 shares during the period. RFG Bristol Wealth Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 5.6% in the first quarter. RFG Bristol Wealth Advisors LLC now owns 1,589 shares of the company’s stock valued at $232,000 after buying an additional 84 shares during the period. Finally, Key Client Fiduciary Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.4% in the second quarter. Key Client Fiduciary Advisors LLC now owns 3,621 shares of the company’s stock valued at $551,000 after buying an additional 86 shares during the period. 43.42% of the stock is currently owned by institutional investors.
SPDR S&P Dividend ETF Price Performance
Shares of NYSEARCA SDY opened at $160.72 on Friday. The company has a 50 day simple moving average of $153.44 and a 200 day simple moving average of $151.60. The firm has a market cap of $22.26 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $162.31.
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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