Great Valley Advisor Group Inc. Boosts Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Great Valley Advisor Group Inc. raised its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.0% in the third quarter, Holdings Channel reports. The institutional investor owned 10,502 shares of the company’s stock after buying an additional 1,037 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,492,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Coston McIsaac & Partners increased its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 3rd quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock worth $2,058,000 after purchasing an additional 72 shares in the last quarter. Marshall Financial Group LLC raised its stake in SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after buying an additional 73 shares during the last quarter. Roger Wittlin Investment Advisory LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the 3rd quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock valued at $1,861,000 after buying an additional 73 shares during the period. WealthBridge Capital Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 1.8% in the third quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after acquiring an additional 75 shares during the period. Finally, M3 Advisory Group LLC increased its position in SPDR S&P Dividend ETF by 2.1% during the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock valued at $519,000 after acquiring an additional 76 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $143.60 on Tuesday. The business’s 50-day moving average is $140.88 and its two-hundred day moving average is $135.32. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $118.33 and a fifty-two week high of $144.06.

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.