Lido Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 19.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,435 shares of the company’s stock after acquiring an additional 8,484 shares during the period. Lido Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $7,506,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in SDY. Godsey & Gibb Inc. grew its stake in shares of SPDR S&P Dividend ETF by 4.0% during the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after purchasing an additional 70 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of SPDR S&P Dividend ETF by 1.3% during the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after acquiring an additional 71 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after acquiring an additional 71 shares during the period. Trust Co. of Vermont lifted its stake in shares of SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock valued at $1,507,000 after acquiring an additional 80 shares during the period. Finally, Pittenger & Anderson Inc. boosted its holdings in 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 acquiring an additional 80 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Up 1.2%
Shares of SDY stock opened at $155.73 on Friday. The stock has a 50-day moving average price of $151.72 and a 200 day moving average price of $149.76. The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $157.66.
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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