EverSource Wealth Advisors LLC Raises Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

EverSource Wealth Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,184 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SDY. International Assets Investment Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 10,945.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock worth $141,774,000 after purchasing an additional 1,124,197 shares during the period. Pathstone Holdings LLC acquired a new position in SPDR S&P Dividend ETF during the 4th quarter worth about $94,819,000. Cetera Investment Advisers lifted its stake in SPDR S&P Dividend ETF by 283.2% during the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after acquiring an additional 509,007 shares in the last quarter. Legacy Financial Group LLC lifted its stake in SPDR S&P Dividend ETF by 1,574.9% during the 1st quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock worth $51,655,000 after acquiring an additional 370,094 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new position in SPDR S&P Dividend ETF during the 4th quarter worth about $15,142,000.

SPDR S&P Dividend ETF Trading Down 0.3 %

SDY traded down $0.43 during mid-day trading on Friday, hitting $134.35. 536,648 shares of the stock were exchanged, compared to its average volume of 322,147. The firm’s fifty day moving average is $129.63 and its two-hundred day moving average is $127.98. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $136.03. The company has a market cap of $21.25 billion, a PE ratio of 19.72 and a beta of 0.68.

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.