WCG Wealth Advisors LLC Purchases Shares of 11,411 SPDR S&P Dividend ETF $SDY

WCG Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 11,411 shares of the company’s stock, valued at approximately $1,588,000.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. lifted its position in shares of SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after buying an additional 121,368 shares during the last quarter. 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 valued at $242,663,000 after buying an additional 165,053 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of SPDR S&P Dividend ETF by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 954,596 shares of the company’s stock valued at $132,842,000 after buying an additional 2,837 shares during the last quarter. Finally, MAI Capital Management lifted its position in shares of SPDR S&P Dividend ETF by 0.7% in the third quarter. MAI Capital Management now owns 772,382 shares of the company’s stock valued at $108,172,000 after buying an additional 5,300 shares during the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Up 0.3%

SDY opened at $149.93 on Friday. SPDR S&P Dividend ETF has a 12-month low of $132.89 and a 12-month high of $156.39. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The business has a 50 day moving average of $147.92 and a 200-day moving average of $146.54.

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.