Integrated Wealth Concepts LLC Purchases 13,121 Shares of SPDR S&P Dividend ETF $SDY

Integrated Wealth Concepts LLC increased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 57.7% in the second quarter, Holdings Channel.com reports. The firm owned 35,846 shares of the company’s stock after purchasing an additional 13,121 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in SPDR S&P Dividend ETF were worth $5,455,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. grew its stake in shares of SPDR S&P Dividend ETF by 4.0% during the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after buying an additional 70 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of SPDR S&P Dividend ETF by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after acquiring an additional 71 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after acquiring an additional 71 shares during the period. Bangor Savings Bank boosted its holdings in SPDR S&P Dividend ETF by 5.6% during the 2nd quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock valued at $225,000 after acquiring an additional 79 shares during the period. Finally, Pittenger & Anderson Inc. boosted its holdings in SPDR S&P Dividend ETF by 3.9% during the 1st quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock valued at $312,000 after acquiring an additional 80 shares during the period. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.4%

Shares of SDY opened at $153.00 on Friday. The firm has a fifty day moving average price of $156.07 and a 200-day moving average price of $151.72. The firm has a market capitalization of $23.16 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29.

About SPDR S&P Dividend ETF

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.