Joel Isaacson & Co. LLC grew its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,909,383 shares of the company’s stock after purchasing an additional 14,962 shares during the quarter. SPDR S&P Dividend ETF accounts for 12.1% of Joel Isaacson & Co. LLC’s investment portfolio, making the stock its biggest position. Joel Isaacson & Co. LLC owned 1.96% of SPDR S&P Dividend ETF worth $426,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of SPDR S&P Dividend ETF by 0.5% in the first quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock valued at $1,068,195,000 after buying an additional 36,785 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock valued at $169,170,000 after buying an additional 8,231 shares during the period. Janney Montgomery Scott LLC lifted its position in SPDR S&P Dividend ETF by 0.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock worth $87,952,000 after acquiring an additional 5,348 shares in the last quarter. HighTower Advisors LLC lifted its position in SPDR S&P Dividend ETF by 0.4% during the 2nd quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock worth $73,202,000 after acquiring an additional 1,899 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its position in SPDR S&P Dividend ETF by 4.4% during the 3rd quarter. AlphaCore Capital LLC now owns 384,741 shares of the company’s stock worth $56,357,000 after acquiring an additional 16,067 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Up 0.3%
NYSEARCA SDY opened at $164.16 on Thursday. The stock has a market cap of $22.74 billion, a PE ratio of 20.27 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $135.85 and a fifty-two week high of $166.61. The business has a 50 day moving average price of $154.29 and a two-hundred day moving average price of $152.27.
About SPDR S&P Dividend ETF
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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