Koenig Investment Advisory LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 49,121 shares of the company’s stock, valued at approximately $6,836,000. SPDR S&P Dividend ETF comprises 5.6% of Koenig Investment Advisory LLC’s investment portfolio, making the stock its 8th biggest position.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Morgan Stanley lifted its stake in shares of SPDR S&P Dividend ETF by 2.0% in the 4th quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock valued at $673,631,000 after purchasing an additional 95,878 shares during the last quarter. Raymond James Financial Inc. increased its position in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after buying an additional 121,368 shares during the last quarter. Wells Fargo & Company MN raised its holdings in SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock valued at $288,980,000 after buying an additional 39,572 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of SPDR S&P Dividend ETF by 10.5% in the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after buying an additional 165,053 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Performance
SDY opened at $150.50 on Friday. The company has a market cap of $22.03 billion, a PE ratio of 19.85 and a beta of 0.69. The stock has a 50-day moving average of $148.96 and a 200-day moving average of $147.43. SPDR S&P Dividend ETF has a 52-week low of $132.89 and a 52-week high of $156.39.
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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