LRI Investments LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) during the first quarter, Holdings Channel reports. The firm purchased 3,743 shares of the company’s stock, valued at approximately $492,000.
A number of other hedge funds also recently modified their holdings of the stock. Frazier Financial Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at about $27,000. Riggs Asset Managment Co. Inc. boosted its stake in SPDR S&P Dividend ETF by 76.8% in the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 96 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $29,000. Scarborough Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at about $33,000.
SPDR S&P Dividend ETF Stock Up 1.1 %
Shares of SDY stock traded up $1.52 during mid-day trading on Friday, reaching $133.93. 195,347 shares of the stock traded hands, compared to its average volume of 323,297. The stock’s fifty day simple moving average is $129.26 and its two-hundred day simple moving average is $127.65. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $134.47. The company has a market cap of $21.19 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.
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.
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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 – Free Report).
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