Gallacher Capital Management LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,201 shares of the company’s stock, valued at approximately $469,000.
Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its position in SPDR S&P Dividend ETF by 0.5% during the first quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock worth $1,068,195,000 after buying an additional 36,785 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Dividend ETF by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock worth $169,170,000 after buying an additional 8,231 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in SPDR S&P Dividend ETF by 0.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock valued at $87,952,000 after buying an additional 5,348 shares in the last quarter. HighTower Advisors LLC grew its holdings in SPDR S&P Dividend ETF by 0.4% in the 2nd quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock valued at $73,202,000 after buying an additional 1,899 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in SPDR S&P Dividend ETF by 2.6% in the 2nd quarter. J.Safra Asset Management Corp now owns 378,030 shares of the company’s stock valued at $57,529,000 after buying an additional 9,529 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Stock Down 1.0%
Shares of SDY opened at $161.15 on Wednesday. SPDR S&P Dividend ETF has a 52-week low of $135.53 and a 52-week high of $163.20. The company has a market capitalization of $23.93 billion, a PE ratio of 19.85 and a beta of 0.67. The stock has a fifty day simple moving average of $153.56 and a two-hundred day simple moving average of $151.77.
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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