SPDR S&P Dividend ETF $SDY Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 577,947 shares of the company’s stock after purchasing an additional 5,348 shares during the period. Janney Montgomery Scott LLC owned approximately 0.38% of SPDR S&P Dividend ETF worth $87,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Park National Corp OH purchased a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at about $28,000. MBM Wealth Consultants LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth about $34,000. Ankerstar Wealth LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $33,000. Syntax Research Inc. acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter worth about $35,000. Finally, Core Wealth Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter worth about $35,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.1%

Shares of SDY stock opened at $158.53 on Friday. The stock has a 50 day moving average of $154.16 and a 200 day moving average of $151.08. The stock has a market cap of $24.00 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $160.29.

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.