Houlihan Financial Resource Group Ltd. Acquires 21,481 Shares of SPDR S&P Dividend ETF $SDY

Houlihan Financial Resource Group Ltd. lifted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 120.1% in the fourth quarter, HoldingsChannel reports. The fund owned 39,373 shares of the company’s stock after buying an additional 21,481 shares during the period. SPDR S&P Dividend ETF makes up 2.1% of Houlihan Financial Resource Group Ltd.’s investment portfolio, making the stock its 11th biggest position. Houlihan Financial Resource Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $5,641,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter worth approximately $29,000. Delos Wealth Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $34,000. Syntax Research Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $35,000. Finally, Capital Investment Counsel Inc bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $51,000. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Down 0.1%

NYSEARCA:SDY opened at $149.89 on Friday. The company has a fifty day moving average of $147.46 and a 200 day moving average of $146.14. SPDR S&P Dividend ETF has a 52 week low of $132.89 and a 52 week high of $156.39. The firm has a market capitalization of $21.94 billion, a P/E ratio of 19.85 and a beta of 0.71.

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.