SMI Advisory Services LLC Increases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

SMI Advisory Services LLC raised its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 50.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,225 shares of the company’s stock after purchasing an additional 24,455 shares during the period. SPDR S&P Dividend ETF accounts for 2.2% of SMI Advisory Services LLC’s portfolio, making the stock its 12th largest position. SMI Advisory Services LLC’s holdings in SPDR S&P Dividend ETF were worth $9,513,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SDY. Capital Performance Advisors LLP acquired a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $31,000. JNBA Financial Advisors acquired a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $32,000. Assetmark Inc. grew its holdings in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at $38,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $133.37 on Thursday. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s fifty day moving average price is $136.48 and its two-hundred day moving average price is $137.19.

About SPDR S&P Dividend ETF

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.