Polaris Greystone Financial Group LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,801 shares of the company’s stock, valued at approximately $1,469,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley raised its holdings in shares of SPDR S&P Dividend ETF by 7.2% in the 2nd quarter. Morgan Stanley now owns 5,090,928 shares of the company’s stock worth $513,572,000 after purchasing an additional 341,743 shares during the period. Bank of America Corp DE raised its holdings in shares of SPDR S&P Dividend ETF by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 7,203,608 shares of the company’s stock worth $726,699,000 after purchasing an additional 217,671 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 913.3% in the 1st quarter. Belpointe Asset Management LLC now owns 215,457 shares of the company’s stock worth $10,238,000 after purchasing an additional 194,195 shares during the period. Integrated Investment Consultants LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $475,000. Finally, Pennsylvania Trust Co purchased a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $11,509,000.

Shares of SPDR S&P Dividend ETF stock traded up $0.58 during trading hours on Wednesday, reaching $99.31. The stock had a trading volume of 3,709 shares, compared to its average volume of 604,148. The firm has a 50 day simple moving average of $100.71 and a two-hundred day simple moving average of $100.30. SPDR S&P Dividend ETF has a 1 year low of $84.28 and a 1 year high of $104.25.

The company also recently disclosed a — dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, September 23rd were issued a $0.6903 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a dividend yield of 2.4%.

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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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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