MLP3 LLC Acquires New Holdings in SPDR S&P Dividend ETF $SDY

MLP3 LLC acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,146 shares of the company’s stock, valued at approximately $1,551,000. SPDR S&P Dividend ETF comprises approximately 1.7% of MLP3 LLC’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in SPDR S&P Dividend ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock valued at $673,631,000 after purchasing an additional 95,878 shares during the last quarter. Raymond James Financial Inc. grew its holdings in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares during the last quarter. Wells Fargo & Company MN grew its holdings in SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock valued at $288,980,000 after purchasing an additional 39,572 shares during the last quarter. Finally, UBS Group AG grew its holdings in SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after purchasing an additional 165,053 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $152.66 on Monday. SPDR S&P Dividend ETF has a 12 month low of $132.89 and a 12 month high of $156.39. The business’s 50 day moving average is $148.47 and its two-hundred day moving average is $147.08. The company has a market cap of $22.34 billion, a PE ratio of 19.85 and a beta of 0.69.

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.