Salem Investment Counselors Inc. Has $365,000 Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Salem Investment Counselors Inc. increased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 16.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,780 shares of the company’s stock after purchasing an additional 400 shares during the period. Salem Investment Counselors Inc.’s holdings in SPDR S&P Dividend ETF were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in SPDR S&P Dividend ETF by 0.4% during the third quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock worth $304,180,000 after buying an additional 10,757 shares in the last quarter. Raymond James & Associates raised its holdings in shares of SPDR S&P Dividend ETF by 1.5% in the 4th quarter. Raymond James & Associates now owns 2,332,268 shares of the company’s stock valued at $291,463,000 after purchasing an additional 34,564 shares during the period. UBS Group AG lifted its stake in shares of SPDR S&P Dividend ETF by 3.5% during the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after buying an additional 67,304 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of SPDR S&P Dividend ETF by 10,945.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after buying an additional 1,124,197 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in SPDR S&P Dividend ETF by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,115,618 shares of the company’s stock valued at $139,419,000 after acquiring an additional 2,835 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY traded up $0.12 during mid-day trading on Friday, reaching $128.47. The stock had a trading volume of 209,295 shares, compared to its average volume of 336,975. The stock has a 50-day simple moving average of $128.94 and a two-hundred day simple moving average of $126.69. The stock has a market capitalization of $20.32 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $132.49.

SPDR S&P Dividend ETF Company 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.