Aries Wealth Management Raises Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

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Aries Wealth Management grew its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,367 shares of the company’s stock after purchasing an additional 1,875 shares during the quarter. SPDR S&P Dividend ETF makes up approximately 2.9% of Aries Wealth Management’s investment portfolio, making the stock its 5th largest holding. Aries Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $4,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SDY. Wealthcare Advisory Partners LLC increased its position in SPDR S&P Dividend ETF by 25.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 6,814 shares of the company’s stock worth $687,000 after acquiring an additional 1,393 shares during the period. Burt Wealth Advisors increased its position in SPDR S&P Dividend ETF by 15.7% during the second quarter. Burt Wealth Advisors now owns 2,508 shares of the company’s stock worth $253,000 after acquiring an additional 341 shares during the period. Janney Capital Management LLC increased its position in SPDR S&P Dividend ETF by 4.3% during the second quarter. Janney Capital Management LLC now owns 2,788 shares of the company’s stock worth $281,000 after acquiring an additional 116 shares during the period. Sullivan Bruyette Speros & Blaney LLC increased its position in SPDR S&P Dividend ETF by 14.0% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,941 shares of the company’s stock worth $498,000 after acquiring an additional 607 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. increased its position in SPDR S&P Dividend ETF by 1.4% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 41,075 shares of the company’s stock worth $4,144,000 after acquiring an additional 575 shares during the period.

NYSEARCA:SDY opened at $104.14 on Wednesday. SPDR S&P Dividend ETF has a 52 week low of $84.28 and a 52 week high of $104.60. The firm’s 50-day simple moving average is $101.80 and its 200 day simple moving average is $100.55.

The company also recently announced a — dividend, which was paid on Wednesday, September 25th. Shareholders of record on Monday, September 23rd were issued a $0.6903 dividend. This represents a yield of 2.4%. The ex-dividend date was Friday, September 20th.

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.

See Also: Why is the price-sales ratio important?

Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY).

Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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