NEXT Financial Group Inc boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 556.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,047 shares of the company’s stock after buying an additional 8,516 shares during the quarter. NEXT Financial Group Inc’s holdings in SPDR S&P Dividend ETF were worth $1,014,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at $45,000. Pinnacle Bank bought a new position in SPDR S&P Dividend ETF during the 4th quarter valued at $46,000. Archford Capital Strategies LLC bought a new position in SPDR S&P Dividend ETF during the 1st quarter valued at $59,000. Northwest Wealth Management LLC lifted its stake in SPDR S&P Dividend ETF by 86.8% during the 1st quarter. Northwest Wealth Management LLC now owns 607 shares of the company’s stock valued at $60,000 after acquiring an additional 282 shares in the last quarter. Finally, Armor Investment Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 260.0% during the 1st quarter. Armor Investment Advisors LLC now owns 630 shares of the company’s stock valued at $63,000 after acquiring an additional 455 shares in the last quarter.
Shares of NYSEARCA:SDY opened at $96.82 on Friday. SPDR S&P Dividend ETF has a 1-year low of $84.28 and a 1-year high of $102.96. The stock’s fifty day simple moving average is $100.93 and its two-hundred day simple moving average is $99.62.
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.
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