6,858 Shares in SPDR S&P Dividend ETF $SDY Acquired by Wealth Care LLC

Wealth Care LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the first quarter, HoldingsChannel.com reports. The firm bought 6,858 shares of the company’s stock, valued at approximately $1,001,000. SPDR S&P Dividend ETF makes up approximately 0.9% of Wealth Care LLC’s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of 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 worth $673,631,000 after acquiring an additional 95,878 shares during the period. Raymond James Financial Inc. raised its stake 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 acquiring an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC boosted its holdings in 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 purchasing an additional 121,368 shares during the period. Wells Fargo & Company MN boosted its holdings in SPDR S&P Dividend ETF by 1.9% in 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 period. Finally, UBS Group AG boosted its holdings in 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 purchasing an additional 165,053 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY opened at $152.18 on Wednesday. The business has a fifty day moving average price of $149.49 and a 200 day moving average price of $148.07. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $156.39. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

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.