SPDR S&P Dividend ETF $SDY Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 84,145 shares of the company’s stock after purchasing an additional 22,199 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $12,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Markowski Investments purchased a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at about $28,000. Park National Corp OH purchased a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $28,000. Continuum Advisory LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $29,000. MBM Wealth Consultants LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $34,000. Finally, Ankerstar Wealth LLC purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $153.00 on Friday. The business’s fifty day moving average price is $156.07 and its two-hundred day moving average price is $151.72. The stock has a market cap of $23.16 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year 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.